Rajeev Malik, CLSA said, "We maintain our non-consensus view that the repo rate will be raised to 7.75 percent by FY14-end and to 8.25 percent by mid-FY15."
"Indian policy makers and investors are underestimating the pressure on the currency and local interest rates from global liquidity tightening. RBI's guidance was hawkish. While not explicitly targeting CPI inflation, the increased focus on retail inflation is welcome," he added.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
