Dilip Bhat of Prabhudas Lilladher comments on the markets. He opines that the markets are apprehensive in the run-up to the credit policy and the  Budget.

Bhat states, "As far as the credit policy is concerned, looking at the way we are seeing industrial growth, and the way inflation has reared again, all of us are expecting that the repo rate as well as the reverse repo both probably will be increased by RBI and I think that the overall tight monetary policy probably will continue to followed."

Bhat observes that the markets are likely to continue to be volatile in the days to come. He also adds that no reform is expected in the coming days.