A recent statement is currently going viral on social media. Recently, Siddhartha Khemka of Motilal Oswal made a statement that is currently making rounds on the web. This statement was a big shock to the Indian people. He said that now the Reserve Bank of India (RBI) will cut the rates only after the FED, IT good for long-term investors. The people who have listened to this statement are in a big shock. But still, some people don’t understand this statement clearly. So we are here to tell you everything about this statement and controversy. To learn everything read this article till the end.
Siddhartha Khemka is the head of the Retail Research, Broking, and Distribution at Motilal Oswal Financial Services. recently, he has given a big statement which has given a big shock to people. He believes that the Reserve Bank of India (RBI) will keep interest rates unchanged in 2023. In a recent interview, he officially claimed that this time the RBI will cut the rates only after the US Federal Reserve. If we take a look at the IT sector he claims that the valuation is really attractive after the underperformance which has long-term investors that can gradually accumulate the staggered manager. Continue reading.
By looking at this some people are asking how the Fed maintained a pause on the rate hikes but it has also signaled a very strong possibility of one more hike this year. How this is going to impact the market and how the RBI is going to follow suit. So this time the market has built a huge possibility of one more 25bps rate hike by the United States Fed in 2023. It is expected that it is going to take a break from the thereon with the likelihood of the rare cut. And because of that it is in the center of calendar year of the year 2024. Scroll down.
This time, the larger quantum of rate may cause a hike or prolong the hawkishness which might impact the entire market. This year it is looking like the RBI is going to keep its interest in the rates unchanged. And sources say that the next rate action may be cut. It was initiated by the United States growth slowdown in Q4FY24. Maybe the rut can also occur in 2024 if the global economy becomes weaker. RBI can also cut the rates after the US Federal Reserve because the domestic growth of the economy can weaken.