. The probability of the RBI raising interest rates at its monetary policy review next week has increased, though most economists had been prepared for at least a 50 basis point hike in the benchmark repo rate for the rest of this fiscal. Still, a combination of high inflation and low growth is a lethal cocktail
6.13 PM Dec 12th
Target for Nifty is close to 6400, if BJP wins, which is inevitable. Market may remain flat or less active after December 20th but not correct. Ensuing Jan Qtr. Result, Possibility of Inflation % going down & thereby possibility of Repo rate cut would take the market to higher levels. Even news
1.06 PM Dec 6th
We will see levels of 450-500 only when the money market operations are normal. We need to reach a phase where RBI is done with rate hikes and bond yields become more normal, like 8-8.5%. Overnight rates drop from the current 8.75% to near repo rates which will only happen when RBI offers more
6.34 PM Nov 28th
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