Share rises further to 73 per cent from 66 per cent last year; Some overseas i-banks seen scaling down operations
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In the global market, the dollar was quoted lower in the early trade with investors looking ahead to the following day's European Central Bank policy decision.
Economic growth has slipped to a six-year low of 5 per cent for the June quarter and is expected to turn in lower than that in the September quarter. Lack of consumption is seen as one of the key factors pulling down growth.
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
The unearthing of capital flight of "black" money Indians have allegedly stashed away in Swiss banks could add $30 billion to the country's forex reserves, says a Bank of America Merrill Lynch report.
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'.
Ambani has unveiled an over Rs 1.8 trillion capex plan for the next three years.
The Reserve Bank of India (RBI) is likely to take a "more dovish" stance in its upcoming monetary policy review on December 2 and may go in for a cut repo rate in February, according to a British brokerage house report.
The global brokerage firm further said that BoP would be INR-supportive.
The government on May 17 formed a five-member committee.
A year after Bharti Airtel launched 4G services, there are only 6.5 mn users in the country
El Nino, which refers to warmer-than-average sea surface temperatures in the central and eastern tropical Pacific Ocean, will likely to keep CPI inflation up at 8-10 per cent in the second half of 2014 and will pose a 50-70 basis point risk to this fiscal's growth expectation, the report by financial services major Bank of America Merrill Lynch said.
Steps to improve governance, instill confidence in the government machinery and streamlining function across the different ministries are also important to feed the positive mood, the DBS report added.
Analysts say RBI will cut rates because the liquidity crunch that began this time last year is still hurting the economy and also with an eye on the August industrial production numbers, which showed a contraction by 1.1 per cent -- the steepest in seven long years.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
Only three of India's 45 commercial banks have cut base lending rates since the Reserve Bank of India's surprise easing this month, hurting the government's drive to lift business investment.
Brokerage firm Bank of America Merrill Lynch (BofA-ML) on Monday said the ongoing US government shutdown is positive for the country, as it gives additional time to recoup the forex reserves.
Bank of America Merrill Lynch and JP Morgan are bankers for the bonds
Pulses cropping has jumped to 39.4 per cent above 2015 levels.
2nd time within a few days RIL has hit the forex debt market.
According to the global financial services major, the Consumer Price Index based inflation is peaking off and is expected to be around 7.5-8 per cent in September.
Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
A bit of good news is that it has already mopped up $19 billion in forwards in May.
Chances of a rate cut in April improve if core inflation continues to ease, growth falling below the projected 7.2% for FY19 and if the global trade slowdown exacerbates.
Nearly 150 companies visited the campus this year.
India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.
"According to the global financial services major, though CAD at 3.2 per cent of GDP is significantly lower than the 4.8 per cent it registered in fiscal year 2012-13 ", it still remains higher than the 2.4 per cent of GDP that we estimate as the optimal current account deficit".
Rosier year-end seen for Indian pharma thanks to faster US approvals.
Experts hail 2014 as the worst year for banks.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
RBI may go for a 25-basis point cut at its February policy meet.
BofA-ML revised its end-2015 rupee-dollar forecast to 60 from 64 earlier.
The underperforming metal for 2017 expected to return 17-20%
The April-June quarter GDP slipped to 7 per cent from 7.5 per cent.
The Reserve Bank of India (RBI) will have to take far more pro-active steps to rebuild forex reserves, because if the status quo remains, rupee could touch 75 per US dollar by the end of 2014, Bank of America Merrill Lynch said in a report.
The union government is expected to cut two per cent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said.
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
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