RBI rate cut DECODED: IIFL Securities' Sanjiv Bhasin explains possible impact on stock market
RBI has done the right thing by reducing the Repo Rate and Reverse Repo Rate by 40 bps. It will pump liquidity into the markets, says Sanjiv Bhasin of IIFL Securities.
Bhasin said that the recovery in the economy will be quite fast and RBI has done the right thing by negating out any kind of liquidity crisis hampering that recovery in the Indian economy.