RBI move risky, inflation focus narrow-minded: D-Street experts
5th Oct, 2018
- 0 Shares
- 314 Views
- 0 Comments
NDNC disclaimer: By submitting your contact details or responding to Bajaj Allianz Life Insurance Company Limited., with an SMS or Missed Call, you authorise Bajaj Allianz Life Insurance Company Limited and/or its authorized Service Providers to verify the above information and/or contact you to assist you with the purchase and/or servicing
The Reserve Bank of India on Friday surprised markets and went against consensus to hold policy rate but turned its policy stance hawkish. The central bank said it would from here on opt for calibrated tigh tening.
While domestic equity indices tanked in response to the money policy, market experts had mixed reaction.
Abheek Barua, Chief Economist, HDFC Bank
This is a risky move by RBI since the market was positioned for a rate hike, purely as a rupee defen ..
Enter your email address to subscribe to this blog and receive notifications of new posts by email.