RBI would get the comfort of meeting its 8 per cent January Consumer Price Index-based inflation target, BofA-ML said, adding that 'we expect the RBI to cut 75 bp in 2015 from February with inflation on course to 6 per cent in January 2016'.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
As inflation rate is near the upper limit of the comfort zone, experts rule out rate cuts anytime soon
A report card titled '10 Years of Progress and Growth' highlighting achievements of the government led by Prime Minister Manmohan Singh on Friday said 'average GDP growth rate during the period of UPA government (2004-05 to 2013-14) has been 7.7 per cent despite two global slowdown in this period'.
The six-member monetary policy committee voted 5:1 for the decision, with only Ravindra Dholakia voting for a 0.25 per cent reduction in rates.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
India's GDP growth to reach 8% by 2017. says World Bank
Taxes on health, excluding medicines, could rise from 8.8 per cent currently, to around 13.6 per cent - an increase of 4.8 per cent.
Lower interest rates needed to boost manufacturing, officials say.
The new IIP series based on the new base year, is expected to lead to better capturing of ground data
Vegetables account for 5.44 per cent of the Consumer Price Index.
A three-year validity of an inflation target is, perhaps, more reasonable and practicable.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Scanty rain would have put extra pressure on food prices.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
The Street had factored in the NDA win, owing to which the appreciation in the rupee is expected to be limited
Reiterating his earlier stance, BJP's Rajya Sabha member Subramanian Swamy has written a letter to Prime Minister Narendra Modi, asking him to sack RBI Governor Raghuram Rajan.
There is a significant amount of dispersion in the growth rates across different industries.
Aggressive rate hikes by the US Federal Reserve could result in a flight of capital from emerging markets like India, says B Gopkumar, chief executive officer, Reliance Securities.
Inflation based on the Wholesale Price Index cooled to a 5-year low of 1.77 per cent in October driven by softening prices of fuel and food items.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
The arrival of the June-September rains has been delayed.
CPI inflation slowed to 9.39% in April compared with 10.39% in March.
There is a narrow chance that the central bank may cut rates in the future, according to a poll of 15 economists and treasurers.
Businesses are still taking time to adjust in the new tax regime, which would weigh on growth rates for the financial year closing today.
Bankers said high interest rate could make Indian economy sluggish given that inflation is around 5%
Analysts are expecting inflation to fall further in October and November on base effect. Inflation measured by consumer prices has been trending down for over four months, and came in at 6.7 per cent in September.
'The economy is suffering (perhaps 'enjoying' is a better word) the lowest credit demand in decades; banks are struggling with stressed loans equivalent to near 10 per cent of GDP,' points out Devangshu Datta.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
'The people of India have not only challenged the ruling dispensation with the constitution, they have also opened the eyes of the leadership that sits in the Opposition.'
Inflation moderates, but a rate cut is unlikely.
Most say a rate cut could come in RBI's June policy.
The manufacturing sector, which accounts for over 75 per cent of the index, declined by 2.4 per cent against a growth of 4.1 per cent in December 2014.
These schemes are expected to perform in the next 2-3 years.
Amendments to RBI Act likely soon
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
The market believes there will soon be another offer to buy the bonds.
However, RBI would continue to nudge banks to cut lending rates
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A section of the market believes RBI should hold rates as negative real rates will hurt savings and investment.
CRR remains unchanged at 4%; first repo rate cut since May 2013.
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