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Market Quote : The risk of higher inflation led the RBI to become more realistic in their policy approach Says Mr. Vinod Nair, Geojit Financial Services
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Below Quote on Market 06 October 2023 By Vinod Nair, Head of Research at Geojit Financial Services
"The risk of higher inflation led the RBI to become more realistic in their policy approach. The central bank maintained a hawkish tone on liquidity management, as they may consider OMO to contain liquidity in the system, which led to India's 10-year yield inching higher. The market, however, reacted positively, as the status quo on the growth rate and a further drop in oil prices provided near-term support."
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