23 July 2014, 05 : 06
MARKET VIEW DATED 21 JULY 2014
Nifty reclaimed 7600 mark after a sharp decline last week. Much of this week’s
recovery could be attributed to relief in infl ation numbers. June CPI infl ation
data fell to 7.31% as against 8.28% in the previous month. The annual rate of infl
ation, based on monthly WPI, stood at 5.43% (provi..
Rs in Cr.
RBI POLICY REVIEW – MUCH BETTER THAN MARKET EXPECTATIONS
The RBI extended a welcoming hand to the new Prime Minister. While leaving rates on hold, as expected, India's central bank cut the statutory liquidity ratio and struck a dovish tone in its statement.
While reiterating their goal of bringing headline CPI down to 8% by January, officials noted that ..