Vk Vijayakumar

VK Vijayakumar said that the pivot in stance, alongside an evolving macroeconomic outlook, strongly signals that two more rate hikes are highly probable in this tightening cycle.

The slight surprise element in the policy was the decision to raise the GDP growth rate projection for FY27 to 6.7 per cent from 6.6 per cent earlier

Q1FY27 earnings preview: VK Vijayakumar of Geojit Investments believes that Q1 will be subdued, impacted by the energy crisis.

The June monetary policy is a bold statement that addresses the present macro concerns even while striving to keep the resilient growth of the economy intact, says VK Vijayakumar

Despite the strong macro headwinds, the stock market has been reasonably stable, supported mainly by domestic investment. Since the market valuations are fair now, a sharp correction appears unlikely.

If crude prices remain elevated for an extended period, trade and CAD will further widen, impacting the rupee more. The rupee might depreciate to 100, and trigger more FPI outflows.

An important lesson from the history of geopolitical conflicts, including wars, is that their impact on the stock market is short-lived.

From the growth perspective, the governor's comment that " growth impulses remain strong, supported by robust private consumption and sustained investment demand" is significant and reassuring

Trump Tariff News: The short-term impact on the market will be negative. The probability of US recession by end 2025 has increased