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Mar 13, 2013
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Expect 25bps rate cut in March policy by RBI
Angel Broking has come out with its report on "IIP updates for January 2013". The research firm expects a 25bps cut in the repo rate by the RBI in its March 19 policy review owing to the moderation in growth and deceleration of WPI inflation along with efforts to narrow the fiscal deficit.As per Quick Estimates on the Index of Industrial Production (IIP), industrial growth in January 2013 improved to 2.4% yoy as compared to a de-growth of 0.5% yoy in December 2012 and 1.0% yoy growth in January 2012.In the April January period of FY2013, the index reported a flat 0.9% yoy growth as compared to 3.4% yoy growth in the corresponding period of the previous year.
Source -
http://www.moneycontrol.com
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