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
30 October, 2014 17:40 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.


News
Bharti Airtel consolidated Q2 profit more than doubles - 30-Oct-2014 16:50
HCC Q2 profit falls 78.6% - 30-Oct-2014 16:36
Bata India launches its new city format store in Bandra - 30-Oct-2014 16:35
Angel Broking neutral on Maruti Suzuki post Q2 result - 30-Oct-2014 16:27
Angel Broking recommends Buy on ICICI Bank - 30-Oct-2014 16:23
Angel Broking recommends Buy on Yes Bank - 30-Oct-2014 16:19
Thermax bags order worth Rs 3.21 bn - 30-Oct-2014 16:11
Indian Metals & Ferro Alloys standalone quarterly profit plunges 95.96% - 30-Oct-2014 15:43
Andhra Bank Q2 profit doubles - 30-Oct-2014 15:22
Jubilant FoodWorks standalone quarterly net falls 12.75% - 30-Oct-2014 15:00
Shree Global Tradefin acquires 51% stake in Indrajit Properties - 30-Oct-2014 14:16
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   wzkpjx 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