Signals less room for aggressive cuts in future due to concerns over inflation
Signals less room for aggressive cuts in future due to concerns over inflation
The bank took comfort from cooling inflation to make the first cut in nine months
The bank took comfort from cooling inflation to make the first cut in nine months
Bank credit to the industry showed a significant deceleration while credit to agriculture registered an increase
Reaction to the monetary policy from Head, Research, Aditya Birla Money
Hint they may consider rate cut in their Asset Liability Committee meeting
Hint they may consider rate cut in their Asset Liability Committee meeting
Rupee was boosted by dollar inflows from the Axis Bank share sale besides RBI rate cut, say traders
Rupee was boosted by dollar inflows from the Axis Bank share sale besides RBI rate cut, say traders
Closes at 53.76/77 per dollar, stronger than Monday close of 53.91/92
Closes at 53.76/77 per dollar, stronger than Monday close of 53.91/92
By lowering rates again, the central bank has put onus of improving growth on govt
The rate cut, first in nine months, is likely to encourage banks to reduce their lending rates
Loans linked to base rate will become cheaper with effect from February 1, 2013
Loans linked to base rate will become cheaper with effect from February 1, 2013
But with deposit rates staying firm, most banks are likely to see a dip in their NIMs
But with deposit rates staying firm, most banks are likely to see a dip in their NIMs
Today's policy review points to further, albeit modest, room for easing, as FY13 GDP growth and March inflation forecasts have been lowered