The Reserve Bank of India (RBI) surprised markets by front-loading pro-growth measures, including a 50 basis point rate cut and CRR cut, leading to positive reactions in both bond and equity markets. Nilesh Shah of Kotak AMC suggests the RBI may now focus on other areas of the economy after injecting significant liquidity into the system.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets