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Reforms to drive Sensex to 27,000 at year end: BofAML

Last Updated: Tuesday, July 01, 2014, 22:32

Reforms by the Modi government are expected to drive the benchmark stock market index to a year-end target of 27,000 points, a US brokerage said.

Modi effect: Forex reserves up $11 billion since April

Last Updated: Sunday, May 25, 2014, 15:59

In May so far, FIIs have poured in USD 4.4 billion into equity and debt markets, as per data from SEBI.

Rural demand to remain tepid this fiscal: Report

Last Updated: Sunday, April 27, 2014, 13:48

Rural demand will continue to remain subdued for some time due to the deceleration in farm income, says a report.

RBI likely to be in pause mode till Dec: BofA-ML

Last Updated: Monday, April 21, 2014, 22:17

The RBI's target is to ease retail inflation, as measured by the Consumer Price Index, to 8 percent by January 2015 and 6 percent by January 2016.

Rate cuts unlikely before March next: Bofa-ML

Last Updated: Tuesday, April 15, 2014, 15:14

US brokerage Bank of America-Merrill Lynch on Tuesday said its sees the first rate cut this fiscal only in March next as inflation is expected to fall only by December end on a decline in commodity prices driven by the US Fed tapering.

BofA-ML pegs rupee at 57-58 on positive poll outcome

Last Updated: Wednesday, April 09, 2014, 13:17

It expects the current account deficit to widen to 2.7 percent of GDP in FY`15 from 1.9 percent in FY`14.

Re to be at 57-58 on positive poll outcome: BofA-ML

Last Updated: Monday, April 07, 2014, 21:48

A clear mandate at the Centre in the ongoing general elections may help the rupee rally to 57-58 level "temporarily", says a report.

BofA-ML pricks poll bubble, says growth depends on global cycle

Last Updated: Wednesday, March 26, 2014, 15:27

Gupta goes on to add that the real test for the investors will be impact of the three big ifs facing the country-the polls, the El Nino and the US dollar.

El Nino may pose obstacle to RBI's CPI target: BofA-ML

Last Updated: Thursday, March 13, 2014, 20:29

CPI inflation eased to 8.1 percent in February from 8.8 percent in January.

RBI likely to hit pause button on April 1: BofA-ML

Last Updated: Monday, February 17, 2014, 16:40

The Reserve Bank of India is likely to hit the pause button in its next monetary policy review on April 1, as inflation is expected to peak off and FY15 GDP growth is likely to be around 4.7 percent, a Bank of America Merrill Lynch (BofA-ML) report said Monday.

RBI may hike rate; inflation could ease in H2 of 2014: BofAML

Last Updated: Monday, November 25, 2013, 16:32

Core WPI inflation should rule at relatively benign sub-5 percent levels with a tight RBI policy dampening pricing power, BofAML said.

BofA-ML says time is right for RBI to taper oil swap window

Last Updated: Tuesday, November 05, 2013, 16:48

"We believe the time is right for RBI to start tapering its swaps with oil companies as the markets are already pricing these in," BofA-ML said in a report.