RBI's rate hike won't impact consumption: ICICI Prudential AMC
NDTV
2011-09-16
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S. Naren, chief investment officer (equity) at ICICI Prudential Asset, says the RBI's rate hike move will impact the markets in a slow manner but once these hikes hurt consumption the government may have to fine tune and move towards infrastructure. He adds the rate hike won't impact the consumption demand.
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