Wed. Jul 17th, 2024

By “Lakshmi Iyer, CEO-Investment Advisory, Kotak
, “The rate hike was in line with expectations. However, markets were expecting an explicit statement suggesting a
pause which has not happened. This suggests the tug-of war-between growth and inflation continues. While chances of pause still remain, the uncertainty may persist. Expect range bound yield movement till then – oscillating between
global data and domestic cues.”

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