Policy Actions

Country's largest private sector lender ICICI Bank cut its marginal cost of funds-based lending rate (MCLR) by 0.05 percent, to take it at par with the rates offered by SBI and HDFC Bank

Nifty may correct 200-300 points; like cap goods: Quantum

Sanjay Dutt, director of Quantum Securities is cautious on sectors across the board. According to him, companies with massive debts will see major corrections.

Rupee will continue to trade at current levels: Deutsche Bk

Sameer Goel of Deutsche Bank says the market is rewarding policy actions that are seen as more credible and which have stored a lot more confidence in India as compared to some of the other emerging markets.

RBI Credit Policy: Leaves key rates unchanged, reflects no hawkish stance

The RBI in its first quarter (April-June, 2013-14) monetary policy left key rates unchanged hinting at rate cuts in future subject to market stability. With this, D Subbarao, the governor who had taken the central bank assignment in September, 2008; presented his last quarterly policy before he hangs up his boots in September this year.

Will RBI credit policy reduce CRR by 25 bps?

The Reserve Bank of India (RBI) is unlikely to reduce the policy (repo) rate in its mid quarter monetary policy to be announced on June 17. The depreciating rupee would be the key trigger behind such action. The fear of imported inflation may resist the central bank from taking any dovish stance.

Market may correct over the next 3-4 months: Mirae Asset

After a slew of reforms from the government in the last 72 hours, Rahul Chadha, Mirae Asset Global Investments believes that the policy actions have removed the tail risk looming large on India in terms of sovereign downgrade and the huge oil led deficit.