RBI move risky, inflation focus narrow-minded: D-Street experts
5th Oct, 2018
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5th Oct, 2018
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 ..
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