The Reserve Bank of India is likely to hike interest rates in its forthcoming mid-quarter review of the policy on March 17.
Pratik Gupta, Head of Deutsche Equities India is expecting policy rated to increase by 100 basis points in 2011. In an interview to CNBC-TV18, he said that crude oil levels may determine market direction in short-term. According to Gupta, even the European Central Bank may hike rates by 25 bps in April. He is overweight on IT services, upstream oil and commodity companies while maintaining an underweight rating on real estate and cement sectors. Gupta is neutral on infrastructure sector. Below is a verbatim transcript. For the complete details watch the accompanying video. Q: You have the Deputy Governor of the Reserve Bank of India and a glittering banking panel at the conference. What do you think comes out of that big question on whether post budget we have sort of put a cap to interest rates because thatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
