No rate cuts in future? Only rate hike or pause? What RBI Governor Sanjay Malhotra said; what it means for Sensex, Nifty

New Delhi, Oct. 7 -- After announcing a 25bps rate hike, Reserve Bank of India (RBI) Governor Sanjay Malhotra said the rate cuts in the near-term are unlikely given the prevailing economic conditions.He indicated that the central bank's next policy action could therefore be either a rate hike or a…