Light at the End of the Tunnel.....

LIGHT AT THE END OF THE TUNNEL ·       Friday's anticipated hike may be the last in the current rate hike cycle, on the hope that prices of fuel and metals would come down due to slowdown in developed economies ·       However, floating rate borrowers would have to wait for at least nine months before borrowing costs start coming down ·       WPI inflation for August turned out to be 9.78%, much above expectations of 9.6% ·       Inflation remains the main concern for RBI, which has hiked policy rates 11 times since March 2010 ·       There are some signs of demand moderating in the recent months along with growth moderation ·       Economists predict that the economy would moderate to below 8% in this fiscal

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