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WealthRays Securities Source Name: WealthRays Securities

Comments on the RBI Policy & its Impact on Markets by Mr. Kiran Kumar Kavikondala, Director & CEO, WealthRays Securities

Feb 03, 2015   13:23 IST 
India

RBI kept the major rate unchanged while cutting SLR by 50 bps to 21.5%, however markets were seen expecting further rate cut by RBI. Markets were seen touching near 9000 levels due to rate cut by RBI earlier this year.

 

Though CPI was seen weak in January further action on rate cut would be taken after seeing the upcoming data. Banking stocks were seen falling in today’s session over a percent due to status quo maintained by the RBI. Inflation dynamics is seen consistent with RBI's balance of risks. Growth outlook has improved modestly on disinflation.

 

However global weakness could be seen offsetting domestic growth impulse which is expected to improve in coming terms. RBI is likely to raise the aim of real GDP for FY16 to 6.5%. With keeping various factors in mind and upcoming budget, markets could be expected to make new highs.


 
 
Mr. Kiran Kumar Kavikondala, Director & CEO, WealthRays Securities
Mr. Kiran Kumar Kavikondala, Director & CEO, WealthRays Securities
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