Punita Kumar Sinha, Managing Partner at Pacific Paradigm Advisors believes the Reserve Bank of India's recent moves suggest that there is room for prices to go up in the Budget.
The RBI recently cut its cash reserve ratio for banks by 75 bps but left its key policy rates unchanged. "I think today could be a day for prices increase as the RBI moves suggested there is room for some more inflation," she told CNBC-TV18.
Sinha said the market has factored in an increase in excise duty. She believes it will be a positive from a long-term perspective.
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!
