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| "After Declaring Credit Policy " |
RBI's CREDIT POLICY HIGHLIGHTS :-
Nothing new found in this credit policy declared by Mr Duvvuri Subbarao for rate hike.
In what comes as a no-surprise move, the Reserve Bank of India hiked repo (rate at which it lend to banks) by 25 basis points, taking it to 8.25% and adjusted the reverse repo (rate at which it borrows from banks) to 7.25%.
In what comes as a no-surprise move, the Reserve Bank of India hiked repo (rate at which it lend to banks) by 25 basis points, taking it to 8.25% and adjusted the reverse repo (rate at which it borrows from banks) to 7.25%.
This is the 12th time that the RBI has raised key rates in the last 18 months.
EFFECT OF HIKE ON COMING TRADING SESSION :-
The current policy stand by the RBI is on expected lines and the current intraday volatility in the market should settle down eventually. We expect the interest rates cycle reversing from the beginning of next year.
Hence it's a good time to start buying rate-sensitive stocks from banking and auto sectors. It's a matter of time for them to bounce back.
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