Ashwini Shami, executive vice-president P) and portfolio manager, OmniScience Capital, expects the RBI to take cues from the US Fed on interest rates. The US central bank may cut rates in May or June, he says
As the market awaits RBI’s policy decision on April 5, Ashwini Shami, executive vice-president (EVP) and portfolio manager, OmniScience Capital, expects the Indian central bank to follow the lead of the US Federal Reserve.
The Fed may take a rate cut in May or June, which will likely force the Reserve Bank to take a necessary policy decision, Shami told Moneycontrol in an interview.