India’s central banker Reserve Bank of India today announced its monetary policy and it has decided to keep all the rates vis-à-vis repo rate, reverse repo rate, Cash Reserve Ratio and Statuary Liquidity Ratio unchanged. This move by the RBI has clear indication that RBI does not see lower inflation in near future but at the same time there is no threat on inflationary front. In last few months inflation in the economy has eased to some extent and analysts were expecting lower rates but Reserve Bank of India has decided to play safe than regret later.
Tuesday, September 30, 2014
Sunday, September 28, 2014
This week positive news came from global rating agency S&P. S&P has upgraded India's rating from negative to stable position. This means India is slightly in better position than earlier. This was done perhaps on account of higher GDP growth during last quarter and higher expected GDP growth rate that India is expected to post this fiscal year. S&P has also cited that it has higher faith in current regime in India as government would take decisions on time.