Ambit warns four RBI rate hikes could derail market and credit growth
Dhiraj Agarwal of Ambit stated that four rate hikes by the Reserve Bank of India could pose a severe risk to the broader market and derail credit growth, suggesting the market can absorb up to three hikes.
According to Dhiraj Agarwal, Managing Director - Group CEO's Office at Ambit, the Reserve Bank of India's (RBI) monetary policy trajectory could pose a severe risk to the broader market if the central bank opts for four rate hikes. He said the market could absorb up to three hikes, but a fourth could derail market and credit growth.