Despite improved liquidity and policy rate cuts by the central bank, banks have been slow to reduce lending rates for existing borrowers. MCLR-linked loan rates have seen minimal reduction (5-15 bps), while past rate hikes were more fully passed on. Experts attribute the uneven transmission to varied credit portfolios and spreads, expecting rates to remain dynamic for some time.
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit’s Anand James
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments