While global economic forecasts are being lowered, stock indices from the US to developed markets are hitting new highs. Dig deeper to see why TACO, tech dominance, and income inequality may be driving this strange boom
As a broad-based and durable consumption recovery is increasingly critical for a revival in the private capex cycle, RBI has delivered a bumper rate cut and liquidity boost
Central bank lowers growth estimate for FY25; inflation estimate revised upwards
With Q2 growth sinking to a seven-quarter low of 5.4 percent, experts expect the RBI on December 6 to cut CRR to ease liquidity to spur growth
India’s GDP growth slumped to its lowest in seven quarters at 5.4 percent in the September quarter, data released on November 30 shows
Indian indices will continue its gains next week and market participants will keenly eye the RBI's policy on Monday given the decline in WPI inflation and sharp depreciation in rupee.
The pressure is mounting on RBI to cut the interest rates to boost industrial growth, which declined to 2.2 per cent in April says, Ajay Srivastava. Though not betting on a rate cut, he is hoping for a roadmap for interest rate reduction.
Keki Mistry said HDFC will target individual loan growth of 18-20 percent over a sustained period of time on an annually compounded basis. It might however, be a little higher or lower in certain years. Additional tax benefits on home loans will also push housing growth in FY14, says vice-chairman and CEO – Keki Mistry.
Unlike most experts, Chetan Ahya, managing director, Morgan Stanley feels that the Reserve Bank of India (RBI) will keep rates unchanged in its May policy.
RBI credit policy is one of the most talked about events in the stock market. Whenever credit policy announcement approaches, market becomes agog with the shape that the policy announcements will provide to the economy in general and market in particular.
Rajeev Malik of CLSA Asia Pacific Markets says, in an interview to CNBC-TV18, that growth will revive not on rate-cuts alone but reforms and fall in inflation
Naina Lal Kidwai, country head, HSBC India and director, HSBC Asia Pacific explains on CNBC-TV18 that the Indian economy set to boom on strong investor sentiment and an attractive market
RBI delivered beyond expectations but markets in bearish mode on lack of optimism, says Moses Harding, IndusInd Bank.
In view of inflation pressures ebbing, monetary policy has to increasingly shift focus and respond to the threats to growth from this point onwards. Liquidity conditions will be managed with a view to supporting growth, thereby preparing the ground for further shifting the policy stance to support growth: Moses
RBI had to choose between delaying the rate cut (to January-March 2013) maintaining its earlier stance of ruling out rate actions till headline (wholesale and retail) inflation stays at elevated levels keeping real interest rates low, and delivering the rate cut to support growth and to be seen with the Government during this crisis time.
The bullish undertone of the Interest rate market will be maintained irrespective of 25 bps cut in CRR or policy rates. 10Y Bond is expected to get into consolidation mode at 8.0-8.10%; at higher end on CRR cut and at lower end on rate cut, says Moses Harding, IndusInd Bank.
UCO Bank chairman Arun Kaul, responding to inflation at 7.24 percent, on CNBC-TV18 explains that this indicates a softening in inflationary trends though the fall in manufacturing product is a cause for concern. Kaul adds that this has raised hopes of a CRR cut on December 18.
Hiren Ved, Director and CIO of Alchemy Capital Management feels the Reserve Bank of India (RBI) may not be ready to ease the repo rate at this point in time.
Ahead of the Reserve Bank of India's monetary policy review on Tuesday, Indranil Sengupta of Bank of America Merrill Lynch expects to see a dovish stance from the RBI. He is hopeful of a 50bps cash reserve ratio or CRR cut from the central bank tomorrow.
Moses Harding's view on currencies, equities and commodities. In the curriencies, USD/INR is getting into kind of stability. EUR/USD met our short term objective at 1.22-1.18.
Ahead of RBI's monetary policy on June 30, SBI feels that CRR cut is the need of the hour and more relevant than a repo and a reverse repo cut.
Deputy Governor of the RBI Subir Gokarn says the central bank's actions are driven by circumstances and that when it feels the need to take action on interest rates it will be taken.
ICRA has come out with its comments on the RBI's Mid-Quarter Review of Monetary Policy, June 2012. The research firm expects the space available for further monetary easing to be limited to around 50-75 bps over the remainder of 2012-13.
Market Pulse: Weekly report for 18-22 June 2012: Moses
If the RBI delivers a rate cut in its monetary policy review, portfolio manager PN Vijay sees money moving from banks to infrastructure and real estate names.