Most experts are penciling in another 25 bps rate cut in 2019 as inflation is expected to remain below RBI’s target.
The six member Monetary Policy Committee, headed by RBI Governor Shaktikanta Das, noted that inflation remains firmly within the comfortable range and will likely persist below 4 percent throughout 2019-20.
PN Vijay of askpnvijay.com explains on CNBC-TV18 that PSU banks and mid-market realty companies are good bets for investors keen on a rate-sensitive play ahead of the RBI policy announcement on January 29. Sudarshan Sukhani of s2analytics.com adds that The market has literally taken off and broken out. So investors should be bullish.