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Given the 18-day government shutdown in the US and the likelihood for continued wrangling between the Democrats and the Republicans, it now looks like tapering may be off the table till the first quarter of 2014.
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
The fuzziness of Trump's economic blueprint remains the biggest risk.
India's numbers have shown a reasonable amount of improvement.
They expressed concern on taxation issues, the high fiscal and current account deficits, and sought removal of capital gains tax.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
While enjoying long-awaited economic good times - and hoping they will last as long as possible - some caution and some prudence might be the best protection against bad surprises, says Claude Smadja.
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
The Bank Nifty is high beta anyhow and it could move the broader market.
Gold is often considered a 'hedge' against an economic uncertainty.
Dealers expect prices to fall further, owing to an impending rate hike in the US
US job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 per cent, underscoring the economy's resilience in the face of slowing global demand.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 29,008 and 8,767 respectively.
The 30-share Sensex ended higher by 30 points.
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
The markets stayed on edge last week due to the endless saga of Greece's problems.
The world seems to have caught severe pneumonia, or worse, as China had flu.
There will very little direct impact from the US Fed's rate hike this time, as we are well prepared both to handle liquidity, outflow of FII funds and managing our currency. But that doesn't mean India will be out of the woods anytime soon, says M V Subramanian.
The policy statement by the RBI governor is also expected to be upbeat.
Markets could slide again owing to conditions in Europe and the US.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
Here are 10 global and domestic factors.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
'Chinese real GDP growth is 7.1% and India's is 7.4%'.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
It is by now quite clear that in all likelihood the US Federal Reserve will hike interest rates in its next meeting in mid-December.
The move, which could come as a surprise to many investors, was a nod to better prospects for economy and labor market
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
Emerging markets could be affected by a combination of lower liquidity and higher dollar interest rates caused by a hike in the US Fed funds rate.
Five per cent growth is disappointing but only after having reached nine per cent. However, it is still not all that bad, says Andrew Michael Spence.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
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