Mr. Rohit Gadia, Founder & CEO, CapitalVia Global Research Limited further RBI policy review.

“The policy announcement by RBI was at par with the expectations of D-Street. But the Markets were in a bad mood post RBI’s policy announcement benchmark index Nifty was down by more than one  percent as the news was already discounted by the market and further reason for a fall was RBI’s cutting of growth target and The RBI cautioned that inflation was likely to see an uptick. Inflation is expected to be pulled down by base effects till August but to start rising thereafter to about 6.0 per cent by January 2016 – slightly higher than the projections in April.”