Rajeev Malik, CLSA said, "Indian financial assets will react positively to the FOMC's unexpected decision of no taper. The increased global risk-on will be unequivocally positive for rupee, equities and bonds. However, beyond the near-term reaction, the headwinds for the rupee from the anticipated global liquidity tightening in 2014 remain unchanged."
"The RBI will still signal a hawkish tone and may partly reverse minimum daily CRR balance requirement for banks," he added.Discover 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!
