There seems to be no consensus among the pundits on what RBI governor will announce at the policy review on March 19
Rupee weakens over domestic equity market losses and Cyprus concerns
Also says that the RBI may cut intreest rates on March 19
Increased dollar demand from importers, appreciation of the US currency overseas pulls down rupee
There may be some amount of profit booking and consolidation post the rate cut announcement unless there is a 50 bps rate cut
Banks and exporters preferred to reduce their dollar position at the current stage in view of sustained capital inflows
Hints room for more accomodative policy
However if CAD, inflationary pressure do not abate, research raises concern on future rate cuts
Analysts said rise in bank shares on Thursday was driven by short-covering
There are only two requirements: you need to have serious amount of money and a PAN card
Believes that inflation of around 5% is "reasonable" in a developing economy, rejects notion of new normal of 7-8%
High CPI will also adversely impact deposit growth and lead to high gold imports, it said
Increased selling of US currency by exporters and banks helps rupee
Economists still expect 25-bp repo rate cut, as core inflation eases to below 4%
Bahal's Operation Spider is the latest in his high-profile corruption exposes
With diesel prices liberalised, WPI may be driven up in coming months by fuel price hikes