- Wealth PMS
RBI announced the Credit Figure for 16 Jan, which was at 30.08 trillion rupees (lakh cr.) which is a growth of 13.75% from last year. Monthly averages here:
Given that we’re starting to scale up organized credit, some monetary tightening is expected. Either a Capital Reserve Ratio (CRR) Hike or a Repo Rate hike is on the cards, and reflects in the sentiment of the market. However, if both don’t happen, expect a short term rally.