RBI on January 16 announced the first rate cut after a gap of 20 months. The guessing game now is how many more rate cuts we can expect. Dr Rangarajan, Former RBI Governor, Jahangir Aziz, Chief Economist at JP Morgan and Eswar Prasad, Professor of Economics from Cornell University, discuss on the same.
Given the global and loval events, even after PMEAC cut FY14 GDP forecast to 5.3 percent, market experts feel that this number is a bit optimistic.
Today, one need not worry too much about the global cues because they are flat, but it appears that Nifty may also start flattish, maybe with a mildly negative bias like the rest of Asia, said CNBC-TV18's managing editor Udayan Mukherjee.