Country's largest realty firm DLF said that the rate cut was "too little" to boost realty sector as well as economy.
Trading volumes in bonds to get boost
Forward guidance of RBI post rate cut remained cautious in the back of significant upside risks to inflation, CAD & its financing
'Critically what matters is, how effective the govt are in restoring the momentum of investment in the large projects'
He said that further action will depend on how economy is evolving and how prices move
The RBI cut its policy interest rate by 25 bps today for the third time since January
The street had expected that the guidance will be for further rate cuts
Sees very limited scope for further easing of monetary policy, puts growth ball in govt's court
Increased demand for the dollar from banks and importers and weak local equities put pressure on rupee
The RBI is widely expected to cut policy rate and cash reserve ratio by at least 0.25% each to prop up growth in its policy tomorrow
The currency ends at 53.82 on fresh demand of the foreign currency from importers
Forecasters expect India's current account deficit to come down to 4.5% of GDP in FY14 from 5.1% in FY13
The central bank says the CAD in FY14 is likely to benefit from the moderation in global commodity prices
Deposit rate cuts lower banks' cost of funds and allow them to lend money at lower rates
Growth expected to remain below potential for the third year in succession during FY14
But rates will go up if the vehicle is old
The forecast reflects views of professional forecasters outside RBI and not of the central bank
The currency had gained by 57 paise, or 1.04 per cent, in previous two days against the dollar
'The stunted transmission of monetary easing also stands in contrast to the government bond market'
Though costlier and fewer illnesses are covered, the breadwinner should have one with high sum assured