Market valuation could decline further in near term but long-term growth story intact

RBI’s hawkish policy is focused largely on heightened inflationary concerns. The 50 bps rate hike in the policy repo rate is in line with the expectations, and this has led to softening of bond yields post the policy announcement as the market was already pricing in the rate hike. The markets were relieved, as there was no CRR hike.

from Stocks-Markets-Economic Times https://ift.tt/XlQChPc
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