In spite of recent headline-grabbing events in global markets and dovish guidance from other central bankers, the RBI MPC decided on Thursday to keep policy rates and positions unchanged. Since this decision lined up with market expectations, it had a largely neutral impact on stock investors.
“Global ‘dangal’ to continue. The RBI does not seem to be under any complusion to act just because of global developments,” said Lakshmi Iyer, CEO, Investments & Strategy, Kotak Alternate Asset Manager.
The decision lined up with market expectations; it had a largely neutral impact on stock investors
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