..............Although the clamour for a rate cut is high and it has a direct impact on sentiment, a comfortable liquidity situation this year has resulted in a significant fall in market interest rates and the cost of funds for banks. So even if the RBI is unable to cut the repo rate on Oct. 30, we still expect market interest rates and funding costs to remain benign as the RBI would infuse further liquidity into the system through CRR cuts or open market operations......
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