Upasna Bhardwaj, Senior Economist, Kotak Mahindra Bank said if one looks at the revenue collections and the shortfall that is expected, it will be difficult for the Center to meet their fiscal deficit.
 
                                                                                            In an interview to CNBC-TV18, Deepali Bhargava, Economist at Credit Suisse and Vivek Rajpal, Rates Strategist at Nomura India shared their reading and outlook about the same.
 
                                                                                            Reserve Bank of India (RBI) is towards the end of rate cut cycle, says Vivek Rajpal of Nomura India. He further says that bond yields will rally only by 5-10 basis points (bps) if RBI cuts rate by 25 bps and expect the 10-year bond yield is unlikely to go to the level of 6.35.
 
                                                                                            The Reserve Bank of India will hold its bi-monthly policy meet today. Experts expect 25 basis point (bps) cut. But, probability of a 50 bps cut cannot be ruled out, says Vivek Rajpal, Rate strategist at Nomura India.
 
                                                                                            Nomura India has a constructive view on the Indian rupee and expects it to outperform other emerging markets in the medium-term perspective, says Rates Strategist Vivek Rajpal. The rupee opened at 68.75 to a dollar in trade today.
 
                                                                                            Watch the interview of Vivek Rajpal, Rates Strategist at Nomura India with Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18. He shared his views about the money market.
 
                                                                                            Reacting to CPI inflation data, top economists say it is much in line with expectation and they see no reason for the numbers to exceed 5 percent as had been cautioned by the Reserve Bank.
 
                                                                                            This news is a silver lining for the market as it ended in red today showing clear signs of fatigue, Ambareesh Baliga, market expert. The market may open with a positive sentiment tomorrow but may later to succumb to global cues, he adds.
 
                                                                                            Monetary policy easing will depend on a couple of global and domestic factors, according to Vivek Rajpal of Nomura India.
 
                                                                                            The market was expecting him to continue, says Rajpal, and that if he would have decided to take up a second term he would have been very serious about the medium-term inflation targets. This would have been very beneficial for the bond markets.
 
                                                                                            Vivek Rajpal, rates strategist at Nomura India, says: "We will head into the new fiscal year with a total core system liquidity deficit of neutral level if we get one more OMO, which effectively means that liquidity worry will go away in the month of April."
 
                                                                                            There is a need for investment lift-off and for that to happen, the government will have to mobilise the savings in the economy and make it available to the private sector, says Edward Teather, senior economist Asean & India of UBS Investment Bank
 
                                                                                            Vivek Rajpal, Rates Strategist, Nomura India in an interview to CNBC-TV18 spoke about the impact of IIP, CPI numbers on money market.
 
                                                                                            Vivek Rajpal of Nomura gives his views on the bond market and the Indian currency. He expects the rupee to be an outperformer.
 
                                                                                            The July Wholesale Price Index (WPI) contracted for ninth straight month to -4.05 percent against -2.4% in June on account of easing commodity and food prices.
 
                                                                                            On Reserve Bank lowering interest rates now that the monsoon is on course atleast for now, Vivek Rajpal, rates strategist, Nomura India, believes the market will slowly move away from rate cut expectations.
 
                                                                                            Rajpal said bond yields would soften hereon and that the RBI was likely to cut interest rates by 25 basis points at its June policy review meet.
 
                                                                                            Given the weakness in industrial output and downtrend in inflation, expectations of a rate cut by the RBI at its June meet have risen.
 
                                                                                            Vivek Rajpal, rates strategist, Nomura India believes FIIs will make a come back only on good newsflow
 
                                                                                            In an interview to CNBC-TV18, Vivek Rajpal, Rate Strategist, Nomura shares his views on bond yields, rate cut and rupee. He expects the 10-year to be in the range of 7.70-7.85 percent in the near-term. He believes rupee is likely to remain range bound going ahead.
 
                                                                                            Siddharth Sanyal of Barclays sees CPI inflation inching closer to the 5 percent handle, averaging below Rajan‘s expectation or target of 6 percent inflation towards end of 2015-16. Keeping that in mind, he expects another 25 basis points cut by June, but post April 7 policy.
 
                                                                                            Vivek Rajpal Executive Director, Asia Interest Rates Strategist, Nomura expects bond yields to rally from the current levels.
 
                                                                                            While food inflation during the month hit its lowest level since January 2012, fuel inflation has been lowest since October 2009.
 
                                                                                            A CNBC-TV18 poll had estimated WPI to come in at 3.1 percent on a lower primary and fuel inflation.
 
                                                                                            Vivek Rajpal expects bond market to remain range bound with the 10-year varying from 8.45-8.65 percent.