Out of 12 economists ET spoke to, 9 said that it was likely that the MPC would begin to cut interest rates from December onwards. The remaining three respondents were broadly of the view that the MPC is likely to follow a course that is distinct from rate-setters in advanced economies and may wait for 4-6 months more before cutting rates to be entirely sure that inflation has gone down durably.
Rahul Sharma on 3 metal stocks to bet on for near term
The FIIs flows were something which was keeping the markets high and it was DIIs which were keeping a quiet note. Probably the 1.5 lakh