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RBI MPC reaction : RBI was anticipated to leave the repo unchanged By Mr. Raghvendra Nath, Ladderup Wealth Management Pvt. Ltd
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Below the Quote On RBI MPC reaction by Mr. Raghvendra Nath, Managing Director, Ladderup Wealth Management Pvt. Ltd
“In order to maintain the nation's strong growth rate, RBI was anticipated to leave the repo unchanged. Given the growing oil prices and the current global difficulties, the central bank has little reason to become more dovish at this point. The high interest rates are here to stay for quite some time before we see any changes being announced by the central banks.”
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