RBI also now choosing to moderate the rate hike from 50 bps to 35 bps Says Mr. Rohin Agarwal, Avener Capital
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Below is quote on Monetary Policy By Mr. Rohin Agarwal, Vice President at Avener Capital.
"Fed has already communicated last week that it would now follow a balanced approach between containing inflation and fostering growth. This is an indication that we might be nearing the rate hike cycle. With RBI also now choosing to moderate the rate hike from 50 bps to 35 bps, it is a clear signal that India's central bank is aligned to its global counterparts. This gives India Inc and its capital markets a strong foundation to plan the capex cycle which is critical for ushering into the next phase of growth".
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