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See Flat Rate Cycle For 3-6 Months: Aditya Narain

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September 16: Most of this year’s initial rally was based on rate cut expectations but all else, including policy, rupee, economic growth and earnings, remained uncertain, says Aditya Narain, MD & India Equity Strategist at Citi. He expects the rate cycle to be flat for next 3-6 months with more money supply than demand. “We need to wait and watch for RBI policy actions,” he says, adding that monetary policy can help but not drive growth.