MUMBAI: The hike in cash reserve ratio and forecast of higher inflation by the RBI in its policy review last week will not have much impact on stock markets as both have already been factored in by market participants, experts said.

"The 0.75% hike in CRR will not impact the market much, though the industry anticipated at most a 0.50% hike," Angel Broking's Managing Director Dinesh Thakkar told PTI here.

An interest rate hike was also not imminent as "banks have a lot of money and there is sufficient liquidity available in the system," he said.

Last Friday, the Reserve Bank had hiked CRR by 0.75% to 5.75% while pegging inflation at 8.5% by end-March.

Edelweiss' Institutional Equities Co-Head Vikas Khemani said lowering of the credit growth forecast would also not impact the market.

"Capacity utilisation is picking up along with industrial confidence. By the next quarter, we can expect a better credit growth forecast," he said.

The forecast credit growth is anyway as per the market expectation, Thakkar said.

"At present, credit growth is sluggish at 11-12%.The market will be happy if it reaches 16-17% as it means a GDP growth at 7.5% levels. So it should not impact the market," he said. .