The Monetary Policy Committee of the Reserve Bank of India decided to maintain the status quo Says Ms Palka Arora Chopra, Master Capital Services
Below View On By RBI policy By Ms Palka Arora Chopra, Director, Master Capital Services
The Monetary Policy Committee of the Reserve Bank of India decided to maintain the status quo. The Reserve Bank of India's policy announcement is largely based on market expectations and will not have a major impact on the domestic market. Interest rate-sensitive sectors such as autos and real estate will benefit as consumers will now spend more taking into account borrowing cost forecasts. RBI has revised its FY2024 growth forecast from 6.5% cent to 7% which will boost investor confidence.
Nifty 50 hits the 21,000 mark for the first time just around the RBI outcome announcement. Indian market movements ahead will depend upon a combination of International macros and domestic macros and earnings.
Above views are of the author and not of the website kindly read disclaimer
LIC MF declares Income Distribution cum Capital Withdrawal under Equity Hybrid Fund
India`s GDP to log 6.4% growth in Q3 FY24
Reaction quote on IIP & CPI data By Raghvendra Nath, Ladderup Wealth Management Private Limited