The RBI's recent move of hiking interest rates by 25 basis points did not come as a surprise for the market. In fact, according to most experts, the market had factored in a hike of quarter percentage point given the August inflation numbers, which came in stronger-than-expected.
Rajiv Malik, senior economist, CLSA too feels that 25 bps hike by the central bank was not surprising. In fact, while speaking to CNBC-TV18, he mentioned that the RBI has done the right thing to still sound hawkish. "Expect RBI to revisit positive growth forecast in next policy," added Malik. Below is the edited transcript of the interview. Also watch the accompanying video. Q: What are the motives of the conference and what people are expecting to hear or see from the Fed? A: The Fed is most likely to delay the third round of quantitative easing. They are shifting the maturity profile and as far as the investments are concerned, it is important to see whether they go ahead and cut the rate on reserves as well. I wouldnDiscover 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!
