Cadila Healthcare Classifies Inspection As OAI

Cadila Healthcare has received a letter from the USFDA classifying the inspection conducted at the Company's Moraiya facility located at Ahmedabad, Gujarat from April 22, 2019 to May 3, 2019 as 'Official Action Indicated' .

With inflation risks benign, pick up in monsoon in recent weeks and growth slowing down, we expect MPC to cut Repo rate by 25 basis points in credit policy on August 7, while maintaining accommodative policy stance.

RBI will take cognizance of currency depreciation, global trade war escalation and the need to maintain rate differentials with global bond yields and not go with a 50 basis points cut.

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