Mutual fund managers respond to the Reserve Bank of India’s (RBI) unexpected rate hike.
Mutual fund managers’ reaction to rate hike of Reserve bank of India: The RBI hiked its repo rate by 40 points and CRR or the cash reserve ratio by 50 points as a surprise. They announced it in one unannounced meeting. MPC or the Monetary Policy Committee decided on this hike after a very long time, say after 2018. Markets reacted negatively to this sudden decision.










