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RBI raised the repo rate by 35 basis points which is in line with expectations By Mr. Parth Nyati, Tradingo
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Below Is View On RBI Monetary Policy By Mr. Parth Nyati, Founder, Tradingo
RBI raised the repo rate by 35 basis points, which is in line with expectations, but the tone of the governor was hawkish. With the GDP forecast cut, he kept the inflation forecast at 5.7%. The market was expecting the governor to signal that the rate hike cycle is coming to an end, but this policy shows no signs of it. However, the market is not reacting much to the policy. It may not be a market event with intraday volatility.
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