Moneycontrol PRO

business

Analysts worry GDP downgrade as bankers remain upbeat

After RBI tightened liquidity and pushed up short-term rates in mid-July most of the brokerages have downgraded India's FY14 GDP forecast, due to which the Bank Nifty which is the closest proxy of the economy on the stock markets has fallen 17 percent since mid-July.

first published: Aug 10, 2013 02:37 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347