Sustained selling of the US currency by exporters helps rupee
Though the central bank has reduced interest rates in the past two policy statements, in January and March, it declined to drop the guard on inflation
India Inc has been demanding a rate cut to promote growth which fell to decade's low of 5 % in 2012-13
Soft outlook on commodity prices brings down full year WPI projections to 6% levels in FY14
Slowdown in inflation, decade-low GDP at 5% and expected lower CAD spur expectatiions for a less hawkish guidance from RBI
The rupee gains 45 paise to end at 53.81 against dollar on persistent selling by banks and exporters
The survey points out that market participants are evenly split between 25 bps cut in CRR and no cut
Inflation-indexed bonds to be launched by May, says Economic Affairs Secretary Mayaram
Fresh selling of the US currency by exporters amid sustained foreign capital inflows helps rupee
Street expects RBI to keep CRR unchanged, opt for open-market operations to ease liquidity
The currency gains 12 paise to close at 54.25 against the dollar
Real interest rate is measured by deducting policy rates from wholesale price based-inflation
Even though RBI is set to cut rates by 25 bps in this week's policy review, heavy supplies in May and June and the fact the bonds are very richly priced currently suggest a cautionary stance for this
Increased selling of US currency by exporters helps rupee
Current valuations of ICICI, HDFC & Axis Banks seem to adequately capture in positives of strong return ratios, higher profitability
The Street anticipates RBI to cut repo rate by at least 25 basis points
RBI Governor D Subbarao will announce the annual monetary policy for 2013-14 on May 3
'The downside surprise in March WPI increases strengthens the case for monetary policy easing by RBI at May 3 policy meeting'
Banks using their excess SLR holding to borrow under LAF at the rate of 7.50%
The focus now shifts to the Reserve Bank of India's rate setting meeting next week which is widely expected to lower policy rates by 25 basis points