Rising interest rates could weigh on Indian stock market valuations
The Reserve Bank of India (RBI) is catching up after long ignoring inflationary trends. The 40 basis point rise in non-bend rates in May was followed by a 50 basis point (bp) rise in repo rates in June. The market expected this as well as even more aggressive measures such as increases in the CRR (Cash Reserve Ratio) and the SLR (Statutory Liquidity Ratio).
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First published: Wednesday 08 June 2022. 17:44 IST