Market valuation could decline further in near term but long-term growth story intact
RBI’s Monetary Policy Committee (MPC) unanimously voted to hike the benchmark policy rate (repo rate) by 50 bps to 4.90%. The marginal standing facility (MSF) rate and the newly instituted Standing Deposit Facility (SDF) rate were adjusted to 5.15% & 4.65%, respectively. However, Cash Reserve Ratio (CRR) remained unchanged at 4.50%, which is a breather …
Market valuation could decline further in near term but long-term growth story intact Read More »