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Showing posts with the label Policy Repo Rate

India Inc's slowing investment worries RBI

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It’s not only the  Reserve Bank of India  but top corporate leaders are also worried that the industrial activity is slowing down in the country despite several steps taken by the Narendra Modi government. The main reasons for the slowdown, they say, are the high interest rates, lack of new orders from other companies and the global commodity crash. “This has not come as a surprise to us and we have been talking to the Indian government on this. We do expect some positive changes in Calender 2016,” said promoter of a large infrastructure company asking not to be quoted. “The third quarter results shows marginal rise in profits for the Indian companies which have announced quarterly results so far.  Read Full Article Over Here :  Business Standard News

RBI to maintain status quo: Poll

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Bankers and economists expect the Reserve Bank of India (RBI) to maintain status quo in its sixth monetary policy on Tuesday even as room for more rate cuts could open once the  Union Budget  is through on February 29. ALSO READ:  NITI Aayog To FinMin: Stay On Fiscal Consolidation Road Map Govt Calls All Party Meeting To Seek Views On Rescheduling Budget Session   In a pre-policy poll done by Business Standard of 10 institutions, all but one expect RBI to keep its policy repo rate unchanged at 6.75 per cent. Bank of America-Merrill Lynch economist Indranil Sen Gupta, though, expected there were compelling reasons for the central bank to execute a 25 basis point (bps) cut on February 2 and pause thereafter.  Read Full Article Over Here :  Business Standard News