RBI Governor Shaktikanta Das also asserted that India’s external debt ratios are low by international standards.
The MPC will worry that the data suggests inflation is not only persisting but becoming more broad-based
How can the central bank reduce excess liquidity while maintaining monetary accommodation?
In China, the seven-day repurchase rate hit its second highest level since December. People's Bank of China said it would give commercial banks emergency funding.
The new RBI Governor Raghuram Rajan, ahead of his first monetary policy meet, met Prime Minister Manmohan Singh and the Finance Minister P Chidambaram to discuss the macro economic situation.
CNBC-TV18 catches up with N Seshadri, executive director of Bank of India and Ananth Narayan, managing director and regional head of fixed income & currency trading - South Asia at Standard Chartered Bank for a discussion on RBI’s surprise 75 bps cut of cash reserve ratio on Friday.
PN Vijay, Portfolio Manager at pnvijay.com spoke to CNBC-TV18 about where the markets are likely to trend going ahead and what the effect of the Assembly Election results, the impending Budget and the credit policy meet are going to be.
Chetan Ahya of Morgan Stanley tells CNBC-TV18 that he expects the Budget to forecast expenditure growth at 7% in FY13. “Fiscal deficit for FY13 may come in at 4.9% and FY12 deficit will most likely be at 5.8-6%,” he says.