Page 271 - Finance News Analysis
RBI's status quo influenced by external factors: Rangarajan
The Reserve Bank in its first mid-quarter policy review today kept the key interest rates unchanged because of elevated food inflation
 "RBI's status quo influenced by external factors: Rangarajan")
Banks unlikely to cut rates soon
High cost of funds, pressure on net interest margins and additional provision requirements have left banks with very little room to reduce rates
 "Banks unlikely to cut rates soon")
RBI policy stance not totally unexpected: Ficci
FIcci president Naina Lal Kidwai opines that investment sentiment has to be supported constantly
 "RBI policy stance not totally unexpected: Ficci")
Full Text: Mid-Quarter Monetary Policy Review: June 2013
RBI statement on monetary policy
CII disappointed with RBI's status quo on policy rates
Says, both growth, inflation dynamics currently call for accomodative monetary policy, instead RBI has taken a cautious stand
 "CII disappointed with RBI's status quo on policy rates")
Expert views on RBI policy
The RBI also called for vigilance over global economic uncertainty, citing the risks of a reversal of capital flows from emerging markets
 "Expert views on RBI policy")
Rupee strengthens marginally after RBI's policy statement
The Indian unit was trading at Rs 57.75 vs the dollar compared to Rs 57.85 before the policy statement
 "Rupee strengthens marginally after RBI's policy statement")
Rupee down 33 paise against dollar in early trade
Strengthening dollar, fresh demand for the greenback from importers put pressure on the rupee today
 "Rupee down 33 paise against dollar in early trade")
An eventful week for debt markets
Although fixed income markets have corrected somewhat in the last two weeks, a quick recovery is unlikely
 "An eventful week for debt markets")
No rate cut to harden bond yields; rupee might weaken
Many experts believe RBI will maintain a status quo on key policy rates on Monday
Shriram Group eyes banking licence
Board to give formal go-ahead for application later this week
 "Shriram Group eyes banking licence")
Fall in inflation adds to RBI's dilemma
There's need to address growth, but weak rupee putting pressure on prices
 "Fall in inflation adds to RBI's dilemma")
If RBI can't cut CRR, let them pay us interest on it: SBI
Most analysts expect the RBI to hold rates during its mid-quarter monetary policy review on June 17
 "If RBI can't cut CRR, let them pay us interest on it: SBI")
CDs continue to remain elevated amid high supply
Certificate Deposits are promissory note issued by banks and are short-term instruments of fund raising
No rate cut to harden bond yields; rupee may weaken
The street also of the view that RBI may again flag CAD as a concern on Monday due to which rupee may weaken next week
 "No rate cut to harden bond yields; rupee may weaken")
Rupee gains on fall in WPI inflation, dollar sales
Market participants say current slide temporary, outlook for inflows positive
 "Rupee gains on fall in WPI inflation, dollar sales")
Rate transmission likely to be RBI's key focus
Top 5 banks of the country reduced their base rate by maximum 15 bps following the repo rate cut by RBI this year
 "Rate transmission likely to be RBI's key focus")
Drop in inflation can pave way for rate cut:India Inc
Industry chamber Ficci asked the RBI to consider a rate cut and persuade banks to pass on benefits to borrowers
