Monetary Policy Action

Markets were surprised with the 25 basis points repo rate hike and now there is a fear that rates may be hiked further. But even with the repo rate hike, the yields range for the 10-year bonds could be 8.50-9 percent for the next 2-3 months, says Manish Wadhawan of HSBC.

CPI inflation to remain at higher levels: CARE

CARE Ratings has come out with its report on inflation for February 2013. According to the rating agency, CPI inflation is expected to remain at higher levels as pressures from food side are not expected to ease anytime soon.

Expect more rate cuts to strengthen investment cycle: CARE

CARE Ratings has come out with its report on "Wholesale Price Index (WPI) inflation for January 2013". According to the rating agency, the annual rate of inflation, based on monthly WPI, stood at 6.6% for the month of January, 2013 compared with 7.2% (Provisional) for the previous month and 7.2% during the corresponding month of the previous year.

RBI may take interest rate call in Jan 2013: CARE Ratings

CARE Ratings has come out with its report on inflation data of November 2012. According to the rating agency, sticky inflation above the level of 7% and rising IIP numbers simultaneously may not prompt the Reserve Bank to reduce lending rate in the upcoming mid-quarter review of the monetary policy on December 18.

India's weak GDP sparks slew of downgrades

From "gasping elephant" to "stagflation", analysts have panned India's quarterly growth of 5.3% with some ominous language. India's growth in January-March was its weakest in nearly a decade, and sparked a new round of economic downgrades from investment banks, with Morgan Stanley cutting India's forecasts for the second time in as many weeks.