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Daily Voice: RBI unlikely to hint at interest rate cut in October policy meeting, says First Water Capital's Arun Chulani

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Daily Voice: RBI unlikely to hint at interest rate cut in October policy meeting, says First Water Capital's Arun Chulani

Arun Chulani, Co-Founder of First Water Capital, believes that the Indian central bank (RBI) is unlikely to hint at a rate cut in its October policy meeting. Chulani stated that the RBI runs a tight ship and with the economy still growing at 7-8%, there is no immediate requirement for a stimulus to increase demand. He also emphasized the potential for growth in the chemical sector and highlighted the attractiveness of sectors like flexible packaging and private banks in the current market environment. Chulani mentioned that India offers long-term tailwinds, such as young demographics and infrastructure spending, making it an appealing investment destination.

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