Industrials, Financials, and Consumer Durables firms to benefit from RBI’s 50 bps rate cut, says LGT Wealth’s Lokapriya

RBI Governor Sanjay Malhotra, in a welcome move, cut the repo rate by 50 bps (basis points) to 5.50% and the CRR rate by 100 bps to 3%, providing ample liquidity to the financial services system. The brilliant move will likely spur corporate activity…