If you listen to Das (RBI Governor), i don’t think we are in any hurry to do a rate cut. As long as inflation is higher than 4%, there is no reason to cut rates. Even if we hit that target, they would see if it sustains for a quarter or two or more and then think about cutting rates. So if all your eggs are in one basket, you cannot rely on just one trigger (rate cut in your case) to determine future prospects of a company. Bajaj finance was a resounding success because of their timing and understanding of the consumer market.
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