Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
27 November, 2014 01:26 IST
News
Outlook for markets remains decent: Vaibhav Agrawal
Source: IRIS | 18 Dec, 2012, 03.42PM
Comments  |  Post Comment

India's central bank, the Reserve Bank of India (RBI), in its mid quarter monetary policy review on Tuesday has kept CRR, repo and reverse repo rate unchanged. The market was expecting 25 bps rate cut in CRR to improve liquidity in the banking system.
 
Vaibhav Agrawal, VP Research-Banking, Angel Broking, said, 'The markets were expecting at least a CRR cut so to that extent the policy was a bit of a disappointment. But the tone of the RBI has increasingly shifted towards supporting growth rather than focusing purely on inflation management. Also, the policy has also reinforced its guidance on easing in the fourth quarter, so that should appease markets to an extent. Going ahead, softening commodity prices along with a high base are likely to lend a positive bias on bringing down headline inflation. Overall, the broader point is that interest rates look to have peaked and with the possibility of FY2014 GDP growth being better than FY2013 as well as healthy global liquidity, the outlook for markets remains decent.'

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.


Ind-Ra affirms HPCL at 'AAA' - 26-Nov-2014 18:09
McDonald's opens its first gold standard drive-Thru restaurant in Nadiad - 26-Nov-2014 17:04
Rane Holdings enhances its equity shareholding to 45.24% in SasMos - 26-Nov-2014 16:32
Tata Power JV company gets CERC tariff order for 1050MW power plant - 26-Nov-2014 16:07
We maintain neutral stance on Dr Reddy`s: Angel Broking - 26-Nov-2014 15:46
M R F standalone quarterly profit jumps 72.13% - 26-Nov-2014 15:05
Cox & Kings raises Rs 10 bn through QIP - 26-Nov-2014 14:59
Cox & Kings raises Rs 10 bn through QIP - 26-Nov-2014 14:59
Valecha Engineering gains on new order - 26-Nov-2014 14:59
Valecha Engineering bags project worth Rs 1.57 bn - 26-Nov-2014 14:56
We are well poised for robust growth in coming quarters: Deo Tripathi - 26-Nov-2014 14:14
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer