Comments on RBI Mid Quarter Monetary Policy Review - Sudip Bandyopadhyay, Managing Director and CEO, Destimoney Securities

By keeping CRR, SLR and the Policy Rates unchanged,RBI has lost an opportunity for creating a positive sentiment in the markets and industry.

The signal corporate India was looking for remains illusive and focus on growth has still not come back. While inflation concern remains, a symbolic gesture by reducing the rates and or the CRR could have created a virtuous cycle of positive sentiment.

Few favouable statements regarding not hiking poliy rates in the near future, keeps the hopes alive for an early action..may be in January 2012,itself.

Source : Equity Bulls

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