Reaction on RBI announcement by Mr. Mohit Ralhan, TIW Capital group
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Below is reaction On RBI announcement by Shivam Bajaj, Founder & CEO at Avener Capital
"The hike in the Repo Rate has been announced to mitigate the results of spiking inflation rates in the economy. As the RBI announces withdrawal of its accommodative stance, this move might hint at the RBIs willingness to further tighten the liquidity in the forthcoming time.
The long term Impact of this rate hike across markets shall be an interesting sight."
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