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Stocks have been flip-flopping today as Wall Street bounced back and forth between gains and losses. Gold and Treasuries keep pushing higher, suggesting safety is top priority for investors.

The RBI Governor has chosen to come with a very mixed policy; we have a rate cut and a rate hike in the same document. However, the market is treating it as a rate hike rather than a rate cut. The RBI, contrary to expectations has chosen to give a clear signal that fighting inflation is its core priority.

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