at the very Core of it all … is Content!
“This is a risky move by the RBI since the market was positioned for a rate hike, purely as a rupee defence. In its absence currency and asset markets could see sharper corrections. A narrow focus on inflation targets perhaps not desirable in the middle of a financial crisis. Change in stance suggests that the …
The RBI’s action today to lower the policy rate is a welcome step which had been widely anticipated given the significant decline in inflation observed recently. The prudent approach of the central bank in reacting to incoming data in a calibrated manner will reinforce the confidence amongst global investors. A number of regulatory and developmental …
Anuj Puri, Chairman & Country Head, JLL India: Contrary to a wider perception that the policy rate will be cut by at least 25 basis points, India’s RBI has kept the repo rate unchanged at 6.25%. However, growth outlook for the current fiscal year 2016-17 has been lowered sharply from 7.6% y/y projected earlier to …
At the monetary policy review today (April 5, 2016), RBI cut the repo rate by 25bps. This was in line with our and market expectation. The RBI has tightened the reverse repo and MSF (Marginal Standing Facility) band by 50bps. This will reduce the volatility in money market rates and is a consequence of RBI’s …
“Following the exemplary fiscal rectitude displayed by the government in its FY17 Budget, RBI’s 25 bps cut in the repo rate and the shift in stance towards neutral money market liquidity conditions is a testament of synchronous policy support. With global economic activity remaining subdued and domestic disinflation becoming entrenched amid low capacity utilization, …
Anuj Puri, Chairman & Country Head, JLL India The monetary policy announced today indicates that the RBI is of keeping a close eye on inflation rather than facilitating growth just as yet. This makes sense. Globally, emerging markets (including India) continue to remain vulnerable from decisions by US Federal government on withdrawal of stimulus, as …
Shobhit Agarwal, Managing Director – Capital Markets, Jones Lang LaSalle India: As India’s GDP is poised for its slowest growth in over a decade, the Reserve Bank of India (RBI) has revised their monetary policy. The RBI has further lowered the REPO rate an additional 25 basis points (0.25%) to 7.5%. The revision in the …