Rbi raises rates of rev repo by 40bps. This is the operative rate so effectively RBI has started the rate raising cycle.
Wait did I see this wrong?
To be fair the liquidity being sucked out is done through vrrrs where the it's repo minus 0.01% really :)
It's all very confusing but the signal seems to be: brace for rate hikes, but if recession happens we will reverse quickly
It's all very confusing but the signal seems to be: brace for rate hikes, but if recession happens we will reverse quickly
Long day. Effectively interest rates in the economy will rise. Long bond funds will hurt today as the 10 year has hit 7.12%. All short term cp rates are up and 1 year rates are 5%+
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