Views of Mr. George Alexander Muthoot MD, Muthoot Finance Ltd on Mid-Quarter Monetary Policy Review: June 2013

"Post the cut in the interest rates in previous quarters, Reserve Bank of India has maintained the repo rate at 7.25 percent and CRR too unchanged at 4 per cent. RBI has kept its vigilance on inflation and external imbalances. Weakening of rupee and high current account deficit (CAD) has led to Interest rates being kept unchanged. We expect rate cuts in the rest of the financial year. However the timing will be based on inflation views, currency movements and Capital inflows."

Source : Equity Bulls

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