Next RBI Policy Will be Keenly Watched; Rate Cut Expectations Muted: Market Experts
Markets expected to cheer Urjit Patel’s appointment but rate cut expectations are muted, market experts say.
The domestic stock market and overseas institutional investors, as well as the bond markets, are likely to give a thumbs up to Urjit Patel’s appointment as the new governor of the Reserve Bank of India, most market experts BloombergQuint spoke to said.
The new RBI governor’s policy bent bodes well for the fight against inflation, said Motilal Oswal of Motilal Oswal Financial Services. The next RBI policy will be keenly watched and rate cut expectations should be muted, according to SBI Mutual Fund’s Navneet Munot.
‘Positive For Equity and Bond Markets’
‘Bodes Well For Inflation Flight’
‘Rate Cut Expectations Muted’
‘Will Ensure Continuity’
Also Read
Next RBI Policy Will be Keenly Watched; Rate Cut Expectations Muted: Market Experts
Is the Government Signaling Continuation of Rajan’s Work at RBI?
Inflation Hawk Like Rajan; Will Actively Take up Inflation Targeting: Economists on Urjit Patel
Business as Usual For Bankers, as Urjit Patel Gets RBI Top Job