Correction could be mild and recovery could be in this week itself, raising CRR may mildly effect growth in the medium/long term which may be negated by the cooling of inflation which is good for growth of economy, Mild effect on the markets is my call.
I think the negative impact of CRR hike will be nudged by global sentiment.
even a +ve opening can not be ruled out. however since market was already expecting CRR hike there may not be major sell off in the banking sector either.
it seems RBI has carefully timed this move. appreciate
I think the negative impact of CRR hike will be nudged by global sentiment.
even a +ve opening can not be ruled out. however since market was already expecting CRR hike there may not be major sell off in the banking sector either.
it seems RBI has carefully timed this move. appreciate