.......Barclays Capital said the RBI may eventually opt to float dollar denominated bonds through public sector banks (like State Bank of India) for non-resident Indian (NRI) investors. If well designed and executed, we think, such a scheme could trigger $12-15 billion of inflows in a relatively short amount of time, the report added. While we expect the RBI to cut repo rate by a further 50-75 basis points by March 2013, we think it is likely to maintain a more neutral bias in the next one or two policy meetings after the larger-than-expected 50 basis points cut in April.
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