Bulls party on D-Street : Hopes of further RBI rate cut
Quotes
Bulls party on D-Street  

Hopes of further RBI rate cut
Hopes of further rate cuts by the Reserve Bank of India backed by falling inflation have also stocked up spectacular rally in the stock markets. Although the central bank had earlier said that there was no room to cut rate during its annual monetary policy on May.

WPI-based inflation eased to 4.89 percent in April paving way for rate cut by RBI. "We certainly will take note of the softening of inflation and the external payments situation in the next mid-quarter policy statement on June 17," RBI Governor D Subbarao has recently said. Rate sensitive sectors like banking, auto and real estate have also positively responded to the news.

Reema Sharma/Ajeet Kumar
 
Previous  Next 
 


More Slideshows



Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved