Markets shrugged off interest rate hike by Rbi & continued its upward momentum as Rbi is still far away from real rate off of interest & markets are taking note of liquidity created by other Federal banks of the world which will pour in Emerging markets but do the markets react how the masses think or they have already discounted what's in the news. Rbi spoke of capital inflows but they did not outlined how or what their action would be & what would be the intensity of the actions, Up till now they have been quite spectators to the inflows & the interest rate differential will make capital inflows more lucrative to FIIs so TrendCalls Team view is we are in for interesting times ahead & watchful approach to the events would be right way going forward.
Views Given By TrendCalls Team
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