interest rate hike

Admitting that the Reserve Bank’s anti-inflation monetary measures may impact growth, Finance Minister Pranab Mukherjee on Friday said the major challenge right now is to contain price rise. 'The monetary policy has been gradually tightened... Monetary measures may end up moderating the growth if they have to be persisted for an extended period of time,' Mr. Mukherjee said at an Assocham meet here. Full Article

Home, auto and consumer loan rates are unlikely to move up in the near future despite a 0.25 percentage points hike in the key policy rates with bankers today assuring that they will not make loans dearer anytime soon as liquidity is sufficient in the system. Full Article

It time for a profit booking. Sound pretty harsh and surprised that I have started the topic with a bang of sell trigger. Yes you are correct to read what I wrote. Last week the equities markets in US and Asian economies went for a vacation of free fall. We saw Indian browsers and other Asian markets went for a profit booking followed with US markets. Full Article

29th January is an important date. Now it’s not a red letter day or neither is any day the Indian history to be remembered. For financial market 29th of January remains a big day as the RBI will hold its much-awaited monetary policy. The whole Indian economy is keeping a close eye on the movement of the giant steps of RBI. It have been a much hyped that RBI might go for a rate hike any time soon. Prime drivers of this are the food inflation and the CPI. Full Article