The 35bps repo rate hike was expected, however the RBI maintained its hawkish stance on inflation being sticky Says Sumit Chanda, JARVIS Invest
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/5da56853b3f5dbb65e9c476151e53448.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below View On RBI Policy By Mr. Sumit Chanda, CEO & Founder of AI-based investment advisory platform, JARVIS Invest
“The 35bps repo rate hike was expected, however the RBI maintained its hawkish stance on inflation being sticky and the need to maintain its vigil on inflationary expectations. The RBI maintained CPI inflation level projection for FY23 at 6.7% while lowering the FY23 GDP projection to 6.8% from 7% projected earlier. The markets did not react to the news since the policy was in line with their expectations. India continues to be the fastest growing economy in the world, investment activity is gaining traction, rural demand is recovering, and corporate earnings have been good. Global commodity and crude prices have moderated recently, although the trajectory will be keenly watched. We continue to believe that India equity markets are poised to hit new highs. Good time to be invested in equities but stick to asset allocation.”
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Clean Science and Technology.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Somany logo.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/startup.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Srinivas Narayanan.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Mongolia.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/nitingadkari37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v68_wcHr0zT.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/IT Sector03.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Bharti Airtel Ltd.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c5541407585e9dfdc52f905c92d59e61.jpg)
Monthly Debt Market Update, September 2023: CareEdge Ratings
![Quote on RBI decision to discontinue the incremental cash reserve ratio (CRR) By Dr. Manoranjan Sharma, Infomerics Ratings](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/3fb5395769079c26d9056714d034c581.jpg)
![Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: Ajay Chaudhary](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/07e25a74a16d5c092d179215565d0295.jpg)
![3 Centres of Excellence set up by TIDCO finding good traction: Tamil Nadu Minister](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/e6ff15c8d3a72074f69cb881ab6584e7.jpg)