Yubi Daily Wrap

Macro Updates

In a surprise move, RBI paused the rate hikes with a terminal rate of 6.5% while holding on to the stance of withdrawal of accommodation – while pledging to act if needed. It also raised the growth forecast for FY24 to 6.5% from 6.4%, while lowering the inflation forecast to 5.2% from 5.3%. Bonds rallied, stocks gained, and rupee edged up.

April 6, 2023

Weekly Reports

monthly Reports