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RBI has insufficient mechanisms to render accountability: D Subbarao

Subbarao has been one of the most respected RBI Governors as he is credited for putting in place explicit safeguards for the Indian financial system in view of global financial crisis.

Markets should be relieved as there are no surprises in credit policy: Mythili Bhusnurmath, ET Now

"It really does not make much difference whether banks lend to the government or lend to the corporate sector. So, SLR reduction does not change things."

Economic Survey underlines Govt's cautious stand: Mythili Bhusnurmath

"It clearly says the government must achieve 3% in the medium term. Now we will have to wait and see whether medium term is interpreted as FY16 or FY17 or something beyond that. "

Expect some measures to boost liquidity at today’s RBI meet: Manpreet Gill, StanChart

Our view is that rates do have room to move lower. A look at falling inflation does suggest that there is room to cut rates further."

No more rate cuts likely before Budget: K Harihar, FirstRand Bank

"We are on course to achieve the inflation target. It clearly suggests that any further rate cuts were not warranted at this point."

Nifty may rise another 100-200 points; financials may lead next leg of bull run: Mehraboon Irani

I personally feel there is a distinct chance that the next down leg, whenever it comes, will be caused by global cues, says Irani.

Axis Bank cuts base rate by 0.35% to 9.50%

"Axis Bank has revised its base rate from 9.85 per cent to 9.50 per cent per annum with effect from October 5," the bank said in a statement.

Rupee denominated overseas bonds to boost investment: Finance Minister Arun Jaitley

Jaitley said, "Indian corporate would also now be able to raise ECB through rupee denominated off-shore bond with no end use restriction."

Government to review interest rate on small saving schemes: Shaktikanta Das

"It has also been decided that government will undertake review of small saving interest rate also," Economic Affairs Secretary Shaktikanta Das told.

Exciting quarter ahead for bond market as RBI’s money policy remains neutral

After hitting a low of 6.15% in December ahead of RBI policy review and after the disappointment of no rate cut, 10-year yields had already inched up to 6.50.

RBI sticks to its guns: Here’s what market experts have to say

RBI raised inflation forecast to 4.3-4.7% in third and fourth quarters of ongoing financial year.

F&O Tracker - Nifty may See Sharper Fall for 7200 or 6850

Nifty has recovered some of the losses, but is still below the key H&S neckline of 8055, suggesting the potential for even sharper falls towards 7200 or 6850.

Business sentiment drops on rupee fall, weak global demand: Survey

Indian business sentiment fell for the third consecutive month in September amid subdued foreign demand and a sharp depreciation of rupee, survey said.

Economic Survey 2016: Transmission of policy rate depends on liquidity

Citing reason for lag, it said, one possible factor could be changes in liquidity conditions as these can reinforce or negate the changes in policy rates.

Rupee closes 16 paisa lower at 65.89 against US dollar

The rupee fell 16 paisa or 0.24% to close at 65.89 per US dollar after overseas investors sold local stocks mirroring weakness in global markets.

Government needs to acknowledge that there is a problem: Ajay Srivastava, Dimensions Consulting

'There is a problem in the fundamentals more than just looking at European market and saying they have triggered the fall."

Market players expect RBI to hold rates in next review: Poll

The committee is likely to assess this in the light of inflation amid the rupee's rising value, respondents said.

Easing inflation makes strong case for RBI rate cut: Ind-Ra

Retail inflation at 3.7% in August is much lower than RBI's guided path target by January and there is a room for at least 25 basis points repo rate cut.

Rupee up 2 paise against US dollar in trade

A higher opening of the domestic equity market also supported the rupee but the dollar's rise against other currencies overseas capped the gains, dealers said.

IDBI Bank going aggressively on recovery of retail NPAs: G M Yadwadkar

"Provision write back will depend upon what values will be emerging as a part of the resolution process."

US President Barck Obama's visit will have a cursory effect on markets: Dipan Mehta

Whatever President Obama has to say it will have a cursory effect in terms of improving the sentiment within the country but it won't have much of an effect on stock prices.

Bullish on banking, commodities: Mahantesh Sabarad, Deputy Head Research, SBI Cap Securities

Tthe market unless it is fed by an incremental liquidity flow coming from the various central banks’ monetary easing policies, will move down for some time.

UBS cuts India's growth forecast to 7.1 per cent for FY16

UBS has revised downwards India's GDP growth projection for the current fiscal to 7.1 per cent, from 7.5 per cent earlier.

Vijaya Bank cuts minimum lending rate by 0.15% to 9.85%

After repeated calls from RBI to pass on the benefit of repo rate cut to customers, private lender HDFC Bank and state-owned Canara Bank had cut their respective base rates.

Power Grid, 2 PSUs Scrap Plan to Hit the Debt Road

Another banker said mid-sized ceived were as high as 9.43%, about 150-160 basis points higher than he benchmark bond yield.

Gradual recovery at work, GDP may grow to 7.8% in FY16: Nomura

A cyclical recovery is under way and GDP growth is expected to improve to 7.8% this fiscal from 7.3% in 2014-15, a Nomura report says.

Indian economic recovery losing steam: Nomura

India's economic recovery is losing some steam and there is a likelihood of slowdown in the growth momentum, says Japanese financial services firm Nomura.

Economic recovery to accelerate; inflation seen below 5 per cent: Morgan Stanley

'The recovery in Indian economy will be led by domestic demand, with factors like consumption, public capex and foreign investment playing key part.'

Government to meet fiscal deficit target for FY16: Deutsche Bank

The improvement is mainly on account of buoyancy in tax collections, which have kept revenue deficit in check.

Not just credit cost, other factors too slowing loan offtake: S S Mundra

On the non performing assets situation, Mundra expressed some optimism but said RBI will be vigilant and continue monitoring the situation.

Indian equity market to remain buoyant in 2015: Assocham

Indian equities are likely to continue its bullish run this year on the back of improved corporate earnings, according to a Assocham report.

Bankers expect RBI to cut policy rate by 0.75% next fiscal

"With RBI clearly mentioning that inflation trajectory is evolving as per expectations there are reasons to believe that it will continue in an accommodative mode."

See some more easing off of policy rates going forward: Yogesh Mehta, Motilal Oswal Securities

'With the MSF being relaxed, we feel that some more liquidity will be eased off, up to say Rs 200 mn, which will fuel the economy further,' says Yogesh Mehta.

RBI rate cut hinges on yuan devaluation, US Fed action: DBS report

Slowdown in crude prices is also likely to suppress tradables inflation, and subdued corporate performance made a clear case for further rate cut.

Reserve Bank warns against looser fiscal policy

Reserve Bank of India Governor Raghuram Rajan warned on Friday that straying from fiscal consolidation.

Average inflation to rise next fiscal: India Ratings

"This is also broadly in line with the Ind-Ra view on retail inflation in India which is likely to rise by an average of 4.9 per cent in 2016-17," Pant said.

Banks ask RBI to reduce asset risk weights to global levels

Lenders have asked the Reserve Bank to reduce the risk weights on assets while allocating capital down to being at par with the global level.

F&O positions hint at more volatility in stocks next week

Analysts attributed the marginal rise in VIX to the uncertainty over the forthcoming money policy review.

PPF, NSC rates to be cut; bank FDs may fetch lower interest

The finance ministry is finalizing product-specific rates and sources said the impact would be higher in case of maturity period of less than five years.

Rupee appreciates 29 paise to settle at 63.75 against US dollar

Rupee made a smart recovery and appreciated 6 paise t0 63.98 against dollar in intraday trade today ahead of RBI's meet.

RBI has offered a ray of hope to markets: Ananth Narayan

There are plenty of reasons to continue with an aggressive accommodative monetary policy stance. The RBI has offered a ray of hope to the markets.

Expert take: A case for raising inflation target

If we look at the long-term history , CPI inflation has on average, been approximately 2 percentage points per annum higher than WPI inflation.

P Chidambaram has been magnanimous in endorsing my book: D Subbarao

In newly published book about his days as RBI governor, Subbarao was very critical of Chidambaram and Pranab Mukherjee, who served as finance ministers during his tenure.

We see more value in largecaps than midcaps: Navin Agarwal, Motilal Oswal Financial Services

​ Domestic institutional inflows, which have propelled the market to near lifetime highs this year, are likely to get stronger going ahead, said Agarwal

Rate hikes by RBI a certainty in 2016: Tata Securities

Not ruling out rate cuts for this year, brokerage firm Tata Securities said RBI will be in fact hiking the rates from 2016.

Rupee down 7 paise against dollar ahead of RBI monetary policy review

Forex dealers said besides dollar's gains against other currencies overseas, increased demand for the American currency from importers put pressure on the rupee.

Rate cut by RBI likely to dictate the next rally in Banking sector: Kunj Bansal

Nobody is expecting a rate cut in the 2nd December RBI policy. It will probably be flattish around for some time.

NBFCs' credit growth to accelerate further next decade: BCG

Having grown their loan books 10% during the past decade, non-banking finance companies (NBFCs) credit growth is set to accelerate further in the coming decade as well.

Interest rates will not come down anytime soon: Gaurav Mehta

The RBI Governor has made it very clear that he is committed to fighting the inflation. He is committed to giving a real rates to save us.

IRF gains traction, turnover swells 21 per cent in June

Investors seem to have turned bullish on interest rate futures (IRF) as capital markets registered about 21 per cent jump in turnover.

More rate cut by RBI unlikely this fiscal: India Ratings

"Although Ind-Ra believes RBI's policy stance will continue to be accommodative in the near term, there is no scope for further rate cuts in 2015-16.

WPI inflation likely to inch closer to positive territory in next 4-5 months: Jay Shankar, Religare

"A large part of that will be because of low global prices of crude oil, because the base effect is likely to wean out somewhere around May or June."

Expect 6230-6250 Nifty levels on the upside: Sandeep Wagle

"I am looking at a range of 6100 levels on the downside and the levels of 6230-6250 on the upside," Wagle said.

Rejig your debt fund strategy, as RBI ends good times in bonds: Go for FMP

The bond market reacted to the stance taken by RBI. If you are overweight on corporate bonds and accrual and short-term funds, there is nothing to worry about.

Pre-market: What changed overnight and top cues you must know before Opening Bell

Nifty50 futures on the Singapore Stock Exchange were trading 12 points lower at 8,787, indicating a flat to negative opening for the domestic market.

need2know: Monetary policy & other triggers that may move the market today

The Finance Ministry has warned employees of disciplinary action if they criticise the government or its policies.

China could play spoilsport; Rupee may depreciate by 3-4% in 2017: Ashish Parthasarthy, HDFC Bank

On an overall basis, it is not a tightrope walk only for rating agencies but generally the macro picture in the economy, says Parthasarthy.

Today's policy reflects a very balanced approach on RBI's part: Shaktikanta Das, DEA Secretary

"We are looking at about 7.5% or so of GDP growth. I will tell you why. Over the last few months, the government has undertaken a series of reform measures."

RBI may hold rates this time, wait for Budget, say experts

Bankers feel that given the current macroeconomic scenario, Governor Raghuram Rajan in all probability will go for a status quo.

Expect RBI to surprise market by 25 basis points rate cut: Sanjay Dutt, Quantum Securities

What may just come as a surprise on Tuesday's session might be a 25 basis points rate cut by the Reserve Bank of India, says Dutt.

Rupee up 17 paise against dollar in early trade

The rupee had lost 28 paise to close at 62.01 against the dollar in yesterday's trade on possibility of interest rate hike by the RBI.

Normal monsoon can get you 8% growth: Neelkanth Mishra, Credit Suisse

The economy would post its fastest rate of growth since the Modi administration came to power if monsoons are good, says Neelkanth Mishra.

Recommend to be cautious in current market: Mayuresh Joshi

"The corporate earnings, the result season will start soon in the next months. The corporate earnings are expected to be subdued."

Expect a rate hike, not rate cut, in 2015: Jahangir Aziz, JPMorgan

"We always thought there was going to be an upside to 6%, which is why we will have a rate hike," says Jahangir Aziz.

F&O view: Put writing at higher levels to support market if Rajan disappoints

The RBI will hold its bimonthly policy review on Tuesday. As many as 12 economists said in an Economic Times poll that RBI would maintain a neutral stance.

Six triggers that changed your market while you were sleeping

Stocks have made a smart comeback; thanks to Yellen! It’s RBI policy review day and Rexit on everyone’s mind. Elsewhere, things are getting tricky for pharma cos.

More PSU banks cut lending, deposit rates

Two PSU banks, Central Bank of India and Syndicate Bank, today announced a cut in their lending rates while two others reduced deposit rates after RBI lowered the policy rate by 0.25 per cent this week.

Allahabad Bank cuts lending rate by 0.3%

Allahabad Bank cut its base rate or minimum lending rate by 0.3% within hours of RBI lowering key policy rate for the third time this year.

Stay light ahead of the RBI review; see trading ideas in non-event stocks like RIL, HUL: Mitesh Thacker

If we see Bank Nifty starts getting below 18,400, then you might see the banking stocks to go through some kind of strong correction.

Bearish on IDFC: Sudip Bandyopadhyay

It is being rumoured that banking licence announced any time probably in the next RBI policy in the first half of April itself.

MARKET WEEKLY: Sensex reverses 3-week winning run

Trading for the week began on a negative note. Telecom, cement and pharma stocks led the rally as key benchmark indices surged.

New interest rate futures contract sees Rs 2,273.36 crore trading on first day

The newly launched interest rate futures (IRF) contract on the stock exchanges -- BSE and NSE -- saw trading worth a total Rs 2,273.36 crore on its debut day.

365 days of Modi govt: Global funds seen increasing India weightage: HSBC

Even though global EM funds are cutting weightage on Indian equities, but global funds are slowly increasing their weightage.

Look, D-Street still found meat in a dull money policy

The Reserve Bank of India on Tuesday maintained status quo on policy rates at the third bimonthly review, citing upside risk to inflation .

Q3 and Q4 growth going to be higher than first two quarters: Shanti Ekambaram, Kotak Mahindra Bank

Services sector is stable, as is agriculture and consumption, Demand is still there,.

RBI unlikely to change interest rates on September 30: S Krishnakumar

"The food inflation is something that RBI would be keenly watching out for and the trajectory would determine rate action."

Nifty is operating within normal ranges: Deepak Shenoy, Capital Mind

Unless it breaks that range we do not see any kind of a major trend move. At this point the index oscillates between the two.

Don’t want rupee to depreciate, aim to fight inflation: RBI

The partially convertible rupee trimmed early gains and slipped to 60.89 per dollar after touching intraday high of 60.83 before the policy outcome.

Three sectors that offer safety in this market: Dipan Mehta

Many important triggers could make or break the market in January and once they are played out, will take a medium- to short-term call, says the BSE member.

India Inc expects marginal relief in interest rates by RBI

India Inc expects some relief in interest rates in RBI credit policy as inflationary expectations are likely to prevent RBI from effecting a bigger cut.

NSE, BSE to launch new 10-year bond futures on Monday

NSE and BSE today said they will begin trading in interest rate futures (IRF) with tenures of one-three months, with underlying of 10-year govt bonds.

India Infoline Housing Finance cuts home loan rate by 0.25 per cent

India Infoline Housing Finance expects home loan interest rate cut to benefit affordable housing segment borrowers, it said in a release.

BofA-ML slashes by half FY16 FPI inflows forecast to $10 billion

The report said that FPI equity flows to stall until markets price in its three event risks -- Fed rate hike, earnings and Bihar polls.

Expect RBI to cut rates by 25 bps at next policy meet: Sanjay Mathur, RBS

"It is quite clear that RBI is not averse to cutting interest rates. It's just that there is a need to see an augmentation of the transmission mechanism."

Weak rupee outlook may tie RBI's hands on repo rate cut

Analysts expect the rupee to remain under pressure and test 66.50 against $ in the near term, which could pose a challenge to RBI.

See possibility of a rate cut in near future: Abheek Barua, HDFC Bank

"We have a relatively short window of opportunity to cut rates at this stage. That opportunity was not taken advantage of."

Liquidity assurance from RBI more important than minor rate cuts: Saugata Bhattacharya, Axis Bank

"I am sure they have looked at the various data points and taken this call only after that. So, it's probably the best thing now to keep rates stable."

Chances of Nifty slipping to 8000 is high if RBI does not cut rates next week: Experts

With expectations running high ahead of the RBI policy, market participants are hopeful that the RBI would be able to slash policy rates.

A clear break above Rs 300 level may trigger 10-15% upside in Tata Motors: Sandeep Wagle

I would definitely exercise caution and play light, but individually you will get stocks to play for, says Wagle.

Quality stocks turn rich in valuations; no margin of safety left: Dipan Mehta

Interest rate cuts will be the next big trigger, say Mehta. The expert though sees bleak chances of RBI slashing policy rate in its policy review on April 7.

Fed hike better for India as delay may stall Fx inflows: Report

Bank of America-Merril Lynch today said delayed Fed action will only harm India as a postponement will stall portfolio inflows and prolong volatility.

Key market triggers to watch out before Opening Bell

Nifty50 futures on the Singapore Stock Exchange were trading 15 points higher at 8,188, indicating a positive opening for the domestic market.

Tech View: Nifty50 makes a 'Bearish Belt Hold' on daily charts; bears take control

Finally, the bulls surrendered to the bears after RBI’s money policy, thereby marking a short-term top for Nifty50 with a cut of 2 per cent.

F&O view: Fresh Call writing at 8,000 level will cap any upside for Nifty50

If Nifty50 holds in the 7,750-7,777 zone, it could trigger followup buying. If it fails to hold above 7,700, it may slip towards the next support at 7,660.

Tech view: Nifty50 charts show tug-of-war between the bulls and the bears

A 'Hanging Man' is a bearish pattern and is formed when there is a selloff in trade towards the opening but the bulls keep the momentum alive.

Twelve stocks in focus in Tuesday morning trade

The Indian market is expected to open lower. Here is a list of top twelve stocks that are likely to be in focus today.

Panama papers leak: DLF, Indiabulls Real Estate promoters say they are clean

Sameer Gehlaut of Indiabulls Real Estate said all relevant disclosures related to overseas investments through his family trust and other companies have been made to the authorities.

More inclined towards rural beneficiaries than urban plays: Harish Krishnan, Kotak Mutual Fund

In the three to six months perspective, we are focussing more in terms of rural and infra specifically.

I expect the RBI to cut the repo rate by 25 bps: Naresh Makhijani, KPMG

The policy announcement assumes all the challenging economic environment, deteriorating asset quality of banks and declining industry growth.

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