The American brokerage firm said it expects the rate cut to happen only in December if the monsoons normalise to cool down inflation or early 2015 in case prices rise prolongs.
The retail inflation, which is factored in by the RBI to arrive at its monetary policy, has been on decline since last month. The previous low was 5.54 per cent in November 2019. The government has asked the RBI to restrict the inflation around 4 per cent, with a margin of 2 per cent on the either side.
"India's economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18," says the year-end update of the flagship report Economic and Social Survey for Asia and the Pacific 2016 of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
A quick bounce back of the Chinese stocks looks improbable now.
Dozens of farmers have already committed suicide in India after damage from unseasonal rains this year.
The metropolis has received heavy rains in the last 24 hours.
Mid-cap information technology (IT) stocks dominate the list of companies that are trading significantly above their 200-DMA
The Santacruz observatory recorded 286.4 mm rainfall during the 24-hour period ending at 8.30 am on Wednesday, making it the fourth highest rainfall in Mumbai since 1974, an Indian Meteorological Department official said.
The Ayanagar weather station recorded 122.8 mm between 8.30 am on Wednesday and 8.30 am on Thursday, which was 11 times the normal rainfall.
The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430.
The snowfall has prompted authorities to shut down the Jammu-Srinagar National Highway and schools and colleges are also shut.
The marginal rise in June headline inflation to 4.9 per cent may be a precursor to a pronounced increase in the coming months and RBI is unlikely to cut rates at the forthcoming policy meet on July 30, say analysts.
'A time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months.'
Rediff Labs analyses the current storage departure of water in 91 reservoirs across the country.
Financials ended mixed despite the status-quo on key rates by the RBI. SBI, ICICI Bank and Axis Bank ended up 0.4-2.5% each.
The central bank was widely expected to maintain status quo.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
In 7 days, the index has gained 1,359.23 points.
Technology and prudent practices can ensure that crop output does not suffer in years of drought.
In his fifth address as President, Pranab Mukherjee asked authorities and institutions of the State to adhere to the 'dignity' in discharging their duties.
Home Minister Rajnath Singh said that the decision could cost the government roughly Rs 15,000 crore.
In the context of RBI's view that the real interest rate, defined as the repo rate less "look forward" CPI, should be around 150-200 basis points.
Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
Cabinet sub-committee to review the situation and take necessary steps.
Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.
Markets ended lower amid volatile trade with Sun Pharma leading the decline.
Rajesh Karkera journeys through verdant countryside to the little-explored pristine Lonar lake in eastern Maharashtra.
Isolated heavy rainfall is also very likely over north Konkan region during the same period, it said.
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The agency has kept its FY15 growth forecast unchanged at 5.6 per cent.
President Pranab Mukherjee on Thursday cautioned that poor cannot wait for long and they need to get succour "here and now", in remarks that come against the backdrop of demonetisation which, he said, may lead to temporary slowdown of economy.
Sensex climbs higher on favourable global cues.
Monsoon is expected to be normal in June.
From Covid to climate change, Shankar Acharya's look at some of the trends and events that might shape 2022.
Next set of Q4 FY16 earnings, progress of monsoon along with election poll outcome will dictate market trend this week
The highest day temperature so far this summer in Churu was 50.8 degrees on June 1, beating the 49.8 degree record set in 1993, according to the weather department.
The Budget has to provide for capex on roads, railways, defence and other infrastructure sectors.
Prices of broiler chicken had hit the record high in June on supply shortage following the government's decision to cull thousands of birds in the states with Avian Influenza outbreaks.
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India's hydroelectric power generation grew 17.5 per cent to 7.5 billion units in January this year from 6.4 billion units in the same month of 2012.
At an average national price of Rs 90 a kg in the retail market, it shows a jump by 20% in the last two months.
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