Markets touched another new high this week around the economic backdrop of dropping covid cases and rising demand.
RBI announced its monetary policy on Friday. Rates were unchanged and RBI continued with its accommodative stance signaling no possible rate hike in the immediate future.
The GDP growth rate projection for FY 21-22 has been lowered from 10.5% to 9.5% due to the loss in economic recovery caused by the second wave.
Core CPI inflation target for the year has been increased marginally to 5.1%
Metals, construction and infrastructure stocks shined through the week.
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