Lowering of the GDP growth
forecast for the current fiscal by the government should disappoint investors.
However this is likely to spur fiscal and monetary policy initiatives by the
RBI and the government. Policy announcements by RBI today will be keenly observed.
Even if the rate cuts do not happen, the overall view and direction given by
the Central Bank are important. This being a bull market any fall due to
disappointments from RBI or any other domestic or global issue should be a good
buying opportunity.
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