Forecasters are coming to terms with the hard realities of a turbulent economy. Predicting RBI guv's moves is difficult for economists.
Subbarao had not heeded mkts when they wanted a cut, but has proved munificent on occasions when the mkts least expected it.
NPAs have risen and the amount of restructuring has gone up. I would not say that we should not worry. But, worrying is one thing and panicking is something else.
The reasons are many- from sliding rupee to rising inflation to increased government borrowings. A rate cut may become counter-productive.
Credit policy review: Economists believe RBI governor Duvvuri Subbarao has no choice but raise repo rate by 25 bps
As he wrestles with dilemmas, the dominant view is that Subbarao will choose to increase rates - for the 12th time since March last year.
The 29-stock ET Realty Index has underperformed the Sensex in the past three months. During the period, the realty index fell by 16% while the Sensex gained 13%.
Balakrishnan and Agarwal’s gamble to do the unthinkable has put BofA Merrill back in reckoning in the Indian M&A league.
The perceived autonomy of RBI is under threat, thanks to the ordinance that will give the finance minister the ultimate power to settle disputes between regulators.
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