RBI to continue with status quo on Sept 20: Sengupta

We expect the July 15 tightening measures to be rolled back in December if the FCNRB deposit-cum-swap scheme nets USD 10 billion by November 30, says Indranil Sengupta, BofA ML.

September 13, 2013 / 08:50 IST

Indranil Sengupta of Bank of America Merrill Lynch feels the RBI will continue with the status quo on September 20 unless the Federal Reserve defers tapering or the markets demonstrate that tapering is priced in.

He expects the July 15 tightening measures to be rolled back in December if the FCNRB deposit-cum-swap scheme nets USD 10 billion by November 30.

first published: Sep 13, 2013 08:50 am

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