RBI's tightening measures unlikely to recede: Ridham Desai

Ridham Desai of Morgan Stanley says that last week, the brokerage house trimmed banks by 200 bps. Now the firm takes its position down by a further 300 bps, he adds.

July 25, 2013 / 09:21 IST

Here are experts' outlook on Indian economy and views on RBI's steps to curb rupee volatility

Ridham Desai, Morgan Stanley: RBI's tightening measures are unlikely to recede until CPI moderates or US labour data disappoints. Last week, we trimmed banks by 200 bps and now we take our position down by a further 300 bps and add that to consumer staples instead.

Sunil Garg, JP Morgan: We are skeptical about the government's ability to meet its targeted fiscal deficit of 4.8% of GDP in the current fiscal year. We are overweight on IT Services, high-quality financials, energy and state utilities and Underweight on consumer discretionary, industrials and materials.

first published: Jul 25, 2013 09:21 am

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!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

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