In the game between inflation and growth, the RBI has clearly taken its pick. It recently hiked rates a drastic 50 basis points that sent the market reeling 300 points down almost immediately. While the Nifty has corrected back to where it started and is trading flat today, industry experts predict the rate sensitive, realty and auto space, to be most affected by the RBI move.
Opining on it, R Seshasayee, chief executive officer of Ashok Leyland says that the RBI seems ready to sacrifice growth rate.
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