Both domestic and foreign investors are focused on long-term growth in India than just the market, says Sanjay Shah, Co-Country Head & Co-Head of Indian Equity Business. Morgan Stanley.
Reserve Bank of India kept the key policy rate unchanged at 6.25 percent for the fourth time in a row.
In an interview to CNBC-TV18, A Prasanna, Chief Economist at I-Sec Primary Dealership Unit shared his views and outlook on the same. He expects to see some disruption in growth momentum in H1FY18 because of preparations for goods and services tax (GST).
If the monsoon is progressing well, we think August would be the right time for a rate cut before inflation begins to turn up later in the year, said JP Morgan's Sajjid Chinoy.
The Monetary Policy Committee today decided to leave the repo rate unchanged but cut SLR by 50 basis points with no change in held-to-maturity (HTM).
The 7th of every month is Mutual Fund Day here at the CNBC-TV18 stable. In an interview to CNBC-TV18, Navneet Munot, CIO of SBI MF shared his views and outlook on financial health as well as his expectations from Reserve Bank of India (RBI) policy.
Risks to inflation amid uncertainty around the impact of GST implementation and monsoon with low credit demand, is likely to keep key policy rate or repo rate unchanged at 6.25 percent.
The Reserve Bank of India (RBI) is set to announce the second bi-monthly monetary policy today and the markets have factored in a no action policy. In an interview to CNBC-TV18, Jahangir Aziz of JPMorgan shared his expectations on the same.
Not so quickly perhaps. The ground reality might warrant a change in policy stance from ‘neutral’ to ‘accommodative’ before Street should start expecting a decisive rate cut.
Market staged a recovery after the central bank maintained a status quo on repo rate; real estate stocks gained on the back of its decision to allow banks to invest in REITs.
All eyes on the outcome of the RBI's decision on key interest rates which will be out later today.
Dragonfly Doji pattern signals indecision among bulls as well as bears but it also points to the fact that buying emerged at lower levels and bulls managed to push the index towards opening.
The index may trade sideways on Wednesday ahead of the Reserve Bank of India’s policy review which will be out on Thursday. Market participants are expecting a status-quo stance this time from RBI but the commentary on rate cuts will give direction to markets.
The meeting of Monetary Policy Committee scheduled on April 5 and 6 will be closely watched by the Street. Majority expect status quo this time despite encouraging retail inflation data.
Yields have fallen 13 basis points over the past two days as shortsellers scramble for cover.
In an interview to CNBC-TV18‘s Latha Venkatesh, RK Bansal, ED at IDBI Bank gave his views about the RBI policy.
The Monetary Policy Committee decided to hold repo rate, at which banks borrow money from RBI, at 6.25 percent and cash reserve ratio at 4 percent, while keeping its commitment to ensure an efficient and appropriate liquidity management.
India's benchmark 10-year bond yield rose as much as 25 basis points after the central bank kept the policy rate on hold for a second meeting in a row and changed its stance from "accommodative" to "neutral."
"RBI is expected to cut repo rate by 0.25 percent at its policy review. This rate cut would be supported by the modest CPI inflation, which is expected to undershoot the March 2017 target set by RBI and the continued fiscal consolidation attempted in the Union Budget for FY2018," Raghu Kumar of Upstox said.
Speaking to CNBC-TV18, Manish Gunwani, Deputy Chief Investment Officer-Equity at ICICI Prudential Mutual Fund, said domestic cues were more responsible than global factors for the recent upmove in Indian equities.
Even as retail inflation has eased driven by a sharper than anticipated moderation in the prices of vegetables and strong favourable base effect, it masks some upturn in the prices of several items; prices of wheat, gram and sugar have been firming up.
Major factor contributing to the stable monetary policy rate could be impending concerns about inflation and, perhaps in the backdrop increase in the US Fed rates.
Going forward we are set for a low interest rate scenario with possibility of 25 basis points cut â€“ maybe in October or December, said Motilal Oswal, CMD, Motilal Oswal Financial Services.
The six-member monetary policy committee (MPC) that will start taking interest rate decisions may be in place in a month's time.