View: RBI leaves interest rates unchanged

5th October 2018, 3:00pm IST

RBI leaves interest rates unchanged. Traders had fully factored in a 0.25% cut.  This is a gift to the people before the festival month. Liquidity issues will not be there. Interest rates will be hiked in the next meeting.  Global investors will invest more in India as the RBI move reflects the strength of the economy.

Impact on Rupee (usd/inr): Positive. It can fall. Crude oil trend and direction of the US dollar will have a big impact. There is a slight chance that it may have formed a short term top today.

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