The RBI is likely to focus on domestic cues such as inflation and growth numbers before taking a decision. The next policy review is due October 1
As per a survey by Indian Institute of Management-Ahmedabad, inflation expectations of firms fell to 3.87 percent in May, the lowest since October 2020
Expectations have been building that the Monetary Policy Committee will cut the repo rate before the end of 2023 but the Reserve Bank of India seems to have pushed back strongly against such calls on June 8
Professional investor Sangeeta Purushottam suggests market participants to be cautious as the market is likely to be volatile this year. Global liquidity risk and domestic political risks are likely to prevent the market from a runaway rally, she said