Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: 3.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

‘RBI unlikely to cut rates in current fiscal’

Author: IANS/Tuesday, December 12, 2017/Categories: Banking & Financial Services

‘RBI unlikely to cut rates in current fiscal’

Mumbai - With the prevailing upside risk for inflation and given the Reserve Bank of India's stand, a rate cut is not expected in the current fiscal, according to Care Ratings' Chief Economist Madan Sabnavis.

On inflationary trend in the coming months, he said: "There are more upside risks than down side risks...we are looking at (inflation) number at 4.5% by March...it is going to be upward trajectory, very much in line with the RBI has spoken of." 

"..the RBI taking its stand that the inflation is going to be elevated for the rest of the months (of the current financial year). It does give an indication that there will not be any rate cut at least during the (current) financial year. But everything is going to be driven by data. If the CPI inflation number continues at the range of 4.5-5%...we could actually defer the particular hope that the interest rates would be lowered," Sabnavis told BTVi in an interview. 

Macro-data points like the Index of Industrial Production and Consumer Price Index will be released by the Central Statistics Office, followed by the Commerce Ministry's release of Wholesale Price Index.

"In terms of CPI inflation, we are looking at four per cent mark...and for WPI, it will be slightly lower at 3.8%. And in terms of index of industrial production, we are looking at a number of 4%..." he added. 

Print Rate this article:
No rating

Number of views (86)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.