RBI REPORT ON CURRENCY & FINANCE: 2002-03
RBI REPORT ON CURRENCY & FINANCE: 2002-03
RBI REPORT ON CURRENCY & FINANCE: 2002-03
Says central bank will also take notice of action taken by govt to contain fiscal deficit.
Says IIP numbers show that economic slowdown is bottoming out
Wholesale price index is a more relevant number to watch, say experts
Looking at the upcoming monetary policy, a 25 bps may not surprise he market, while a 50 bps may infuse a new lease into bulls
This week, bond yields are expected to soften while the rupee could strengthen
Chidambaram hopeful RBI would address liquidity issues; SBI chairman calls for a 0.5% interest rate cut
There seems to be no consensus among the pundits on what RBI governor will announce at the policy review on March 19
Comments come amidst reports that RBI would be insisting on foreign banks to operate as subsidiaries
The comments come in the wake of recent reports that RBI had firmed up its mind on the way forward for foreign banks