RBI`s rate hike of 35 bps to take the repo rate to 6.25% was in line with market expectations By Mr. Arun Kumar, FundsIndia
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Below is view on RBI Monetary policy By Mr. Arun Kumar, Head of Research, FundsIndia
"RBI’s rate hike of 35 bps to take the repo rate to 6.25% was in line with market expectations. Bond yields were already factoring in for the current hike and hence didn’t see any sharp moves. There was no indication from the RBI that the rate hike cycle is coming to an end and we see the possibility of another 25 bps rate hike before a pause. The path thereon will be dependent on the evolving domestic inflation and growth dynamics and the US Fed rate hike trajectory."
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