Wednesday, January 30, 2013

RBI could have cut rates a bit more


RBI Governor D. Subbarao with his team… repo and CRR cut to boost investor sentiment. — PTI

.....The 25 bps cut in Repo and CRR was expected, given the movement in macro parameters. But perhaps the RBI could have gone in for a bigger 50 bps cut as the sentiment needs a big boost and investment also needs to pick up significantly, going forward. Overall, however, this is a step in the right direction and marks the start of a rate-cutting cycle...............

Read - HBL

No comments: