02 September, 2014 22:15 IST
News
Outlook for markets remains decent: Vaibhav Agrawal
Source: IRIS (18-DEC-12)
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
'Buy' Gujarat Pipavav Port; target Rs 182: ICICIdirect - 02-Sep-2014 17:19
Elecon Engineering clarifies on media report - 02-Sep-2014 17:13
Tata Motors outlook revised to positive: S&P - 02-Sep-2014 16:51
Petronet LNG likely to move towards Rs 228 in near term: ICICIdirect - 02-Sep-2014 16:33
Ind-Ra affirms Hi-Tech Gears at 'A' - 02-Sep-2014 16:25
CRISIL assigns `AAA/Stable` on PNB - 02-Sep-2014 16:11
M&M allots shares under ESOS - 02-Sep-2014 16:05
Hero Motocorp appoints Sanjay Jorapur as chief HR officer - 02-Sep-2014 15:58
Era Infra bags order worth Rs 3.14 bn - 02-Sep-2014 15:50
CRISIL reaffirms `AA+/Stable/A1+` on Marico - 02-Sep-2014 15:20
NOCIL appoints Dharmishta N Raval as additional director - 02-Sep-2014 14:38
more...
* Q - Quote , N - News , C - Chart , F - Financials
Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type   8gdmdd into this box
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Forums  |   E-mail  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer