at the very Core of it all … is Content!
Ms. Chanda Kochhar, MD and CEO, ICICI Bank, said, ”The policy announcement today is line with market expectations. The RBI has rightly indicated that it would watch the growth trends, the fiscal approach to be articulated in the budget and the factors impacting inflation in the coming months. The policy statement is a comprehensive and …
The monetary policy announcement is in line with expectations. The Reserve Bank of India has noted encouraging trends in growth, indicative of a strengthening recovery. At the same time, it has opted to monitor inflation trends for some more time before taking any further steps to ease monetary policy. I expect to see easing of …
The rate cut is a welcome step considering the need to further improve domestic demand and revive credit growth. The uncertainties cited in the policy statement present a pragmatic evaluation of economic conditions warranting a guarded approach, particularly with regard to risks to inflation and impact of monsoon. In summary, the policy stance is in …
The policy signals RBI’s resolve to firmly contain inflation and inflationary expectations, while responding to positive developments in inflation and fiscal consolidation. The statement that a change in monetary policy stance is likely early next year if the current positive trends continue is very welcome. The economy has already received a tremendous boost in terms …
As firecrackers light up the skies heralding the beginning of Samvat 2070 our happiness quotient rises. All evening we have lit lamps and prayed for better days ahead. Stock markets in India celebrated Muhurat trading with fervour as it always does. Only this year the confidence level seems to have run off steam to the …
19th March, 2013 : “The RBI has obliged on the Government’s call to the Central Banker to support its growth agenda by cutting Repo rate by 25 basis points. An improvement in trade deficit, drop in core inflation, achievement of 5.2% fiscal deficit and slowing growth prompted RBI to act. These front ended cuts in …