 "Rahul Arora, Nirmal Bang")
As markets enter 2023-24 (FY24), Rahul Arora, chief executive officer-institutional equities at Nirmal Bang, in conversation with Puneet Wadhwa, says the government’s move to tinker with Finance Bill, 2023, at the tail end of 2022-23 was a touch discomforting. But the markets have absorbed the development and moved on. Edited excerpts:
Are markets too pessimistic about the macroeconomic situation?
There is not much reason to be overly pessimistic about rate hikes and inflation incrementally from here on. The US Federal Reserve (Fed) and the Reserve Bank of India (RBI) should hike once more by about 25 basis points each. Inflation
