Commenting on the RBI meet which is scheduled next week, Amar Ambani, Head of Research, IIFL, said, “Although consensus is a cut in repo rate by at least 25 basis points, market’s focus will be more accentuated on the stance which Mr. Rajan endorses. The language of the central bank will determine the broader trajectory. We expect a rate cut accompanied with a cautious outlook, considering that adverse impact of poor monsoon has not been yet quantified. In addition, RBI will also have an eye on Fed, wherein the dust has not settled down on the possibility of hike in US interest rates.”
| Subscribe To Our Free Newsletter |
