While Sameer Goel of Deutsche Bank says RBI Governor-elect Urjit Patel may be open to monetary policy easing provided the macro-economic conditions permit, Sonal Varma of Nomura Financial Advisory and Securities, said that the RBI Governor‘s appointment has reduced the probability of incremental rate cates.
Jahangir Aziz, Asia economic research, JPMorgan, says it is very hard to see a monetary policy committee where the governor doesn't have a veto power, but is responsible for monitoring inflation.
Sonal Varma of Nomura Financial Advisory and Securities feels the momentum in the industrial sector seems to be stabilising and if it continues, the segment may show a significant pick up in the December quarter. According to her, the growth cycle itself seems to be stabilising and that is a positive sign.
Prabhat Awasthi, head of equity research and managing director, India - Nomura Financial Advisory and Securities, said that uncertainty in global economies is likely to continue.