|| SHANIWAR SAMWAD || 07-05-2022

 So, the wait is over, and the rates hike by the RBI has just been announced. The repo rate and cash reserve ratio rates had been increased by 40 & 50 bps.

The move is on the expected line, in the last two and three months banks have increased deposit rates and now MCLR  will be increased.

The headline rates for home loans and other products will increase in the coming months.  As headline inflation has reached 7.5%, it is expected that it will not reduce in a short period as war is going on with no clue when it will end.

Crude and other commodities are going through an upward price cycle. Global supply is getting disturbed due to war and lockdown in China.

After the first lockdown in our country, we decided to make our nation self-sufficient in each aspect as our market is huge.

The market is anticipating the move in the last  MPC meeting of the RBI.

Now, the contrast picture is coming from our economy, the PMI index for goods and services is highest in recent times with expansion mode. The GST collection is ever high with 1.68L Cr.

The market is normal as just concluded rabi season, the average realization of wheat produced is higher than the MSP along with on-spot payment for the same.

The market has demand for each product and investment for local production of goods due to PLI  is showing resulting in increased production and export.

This year we are expecting more export along with investment in new products as the government is examining ways to reduce them and make them in our country.

Now, after the rate hike, the condition and thinking in the market are not clear, but confidence is not dampened as all know the reason for it.

The new wave of the corona is not going to harm us  significantly,  as we have already covered

more than 80% of the population is vaccinated.

The expenditure and income of the government are the same as per their plan till now, but the future is not clear.

Let's watch and wait for a good result.


Location: India

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