RBI Governor has become a regular routine at 10 AM on designated days. Earlier it use to be at 2:30 PM.
RBI MPC Meeting 08Jun2022: Update
-Raised the repo rate by 0.50% basis points to 4.9%
-Retains GDP growth at 7.2%
-Inflation for FY23 projected at 6.7%
Implications:
1. Interest rates to go further up
2. Loans to become expensive
Hope you all did make use of and benefited from our advisory and forewarning towards the same through our post budget analysis.
The market is shrewd as it does unexpected. When all were saying that 50 basis points is bad for the market and Bank Nifty has started going up to trap the traders. So, you must trade bank nifty with expert advice to avoid getting trapped.
It is an event day and a special technique is required for making money in the market.
Rates are rising, growth forecasts are not getting met, inflation/ bond yield at multiyear highs why would market rise with a policy like that, this move was just to trap retailers on higher side
You must trade on such days with our banknifty option tips and be on the right side of the market and make money on a daily basis.
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
