CARE Ratings do not expect any change in RBI's policy stance later this month and thereby expect the repo rate to be status-quo at 8%.
Wholesale inflation decelerated for the third consecutive month this fiscal as it came in at 3.74% in August '14 (y-o-y) as against a rate of 6.99% during the corresponding period of the previous fiscal year. While this slowdown in price rise is a positive sign with a marked decline across the broad heads of the WPI, it must be noted that the fall in inflation can also be attributed to the relatively higher base index in August '13.
Build up inflation rate in the financial year so far (April –August'14) stood at 3% as against 5.2% in the corresponding period last year. This increase in build-up inflation has been contributed by primary articles (9.3%) particularly food articles (13.1%).Build up inflation for fuel & power declined to -0.1% as against 6.8% last year while manufacturing remained largely unchanged with a build-up inflation of 1%.
The lowering of inflation for the third consecutive month is indeed a positive sign for the economy, albeit with some statistical factors also at play. Going ahead, oil prices are likely to remain subdued owing to the low demand- excess supplies fundamental prevailing overseas. However, it remains to be seen how agricultural produce prices move from here on and particularly in the October – November '14 period given the monsoon this year has been delayed and largely subdued.
We do not expect any change in RBI's policy stance later this month and thereby expect the repo rate to be status-quo at 8%.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Anda sedang membaca artikel tentang
CARE expects repo rate to be status-quo at 8%
Dengan url
http://harmonisem.blogspot.com/2014/09/care-expects-repo-rate-to-be-status-quo.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
CARE expects repo rate to be status-quo at 8%
namun jangan lupa untuk meletakkan link
CARE expects repo rate to be status-quo at 8%
sebagai sumbernya
0 komentar:
Posting Komentar