RBI Says

RBI Says: FII's allowed to hedge currency risk via currency futures.

RBI Says: WPI inflation may ease in Jun-July and can rise in Aug-Sept.

RBI Says: Tighter norms on KYC to be followed by banks from June 30.

RBI Says: Inflation for FY14 to be around 5.5%.

RBI Says: Loan limit to fertilizer producers raised to 5 crore from 1 crore.

RBI Says: 23% HTM to be effective from June 2013.

RBI Says: Current Account Deficit is the biggest risk to the economy.

RBI Says: Growth in services and exports to remain sluggish.

RBI Says: Monetary policy alone cannot revive growth.

RBI Says: Risk on CAD financing could lead to swift policy reversal.

RBI Says: Food price inflation persists as supply side problems are endemic.

RBI Says: March WPI inflation seen around 5%.

RBI Says: Lenders risk averse due to poor asset quality.

RBI Says: We expect inflation to edge lower in first half of FY14.

RBI Says: Outlook for industrial activity is subdued.

RBI Says: To bring down inflation to 5% by March 2014 using all instruments.

RBI Says: Forecasted deposit growth at 14%.

RBI Says: Forecasted GDP growth at 5.7%.

RBI Says: Growth will remain subdued in the first half of the current fiscal.

RBI Governor is addressing the media after the credit policy.

RBI Credit Policy: Little space for further monetary easing.

RBI Credit Policy: Repo Rate is brought down to 7.25%.

RBI Credit Policy: Repo Rate is cut by 25 bps.

RBI Credit Policy: CRR is Unchanged.

Live Nifty Future Update ( Before RBI Policy )

Xpert Nifty
3-May

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 LIVE MARKET UPDATE BEFORE RBI POLICY.

Based on our chart study we have try to found the range for nifty fut.
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As per CNBC TV-18 Poll
RBI may cut interest rate to 25 BPS, which at certain level may not excite the market and Nifty fut may fall down till 5865-5852.

however 50 BPS be very good news and in this case Nifty fut may touch 6082-6117 in intraday only.

 
Trend  : = +ve or up
Support : 5865-5852
Resistance : 6082-6117
 
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RBI likely to cut interest rates to prod sputtering economy

By Suvashree Dey Choudhury and Tony Munroe

MUMBAI (Reuters) - The Reserve Bank of India is expected to cut its policy interest rate by a quarter point on Friday for the third time this year as it looks to bolster an economy growing at a decade low and takes comfort from easing inflation.

While investors are hoping to hear a less-hawkish tone from RBI Governor Duvvuri Subbarao, the RBI in its report on macroeconomic and monetary developments on Thursday warned there is "very limited" room for further policy cuts in the current fiscal year, which started in April.

Headline wholesale price index inflation fell to 5.96 percent in March, the slowest in more than three years, although the consumer price index remained high at 10.39 percent, a key worry for the central bank.

A Reuters poll last month found that 37 of 42 economists expect the RBI to cut the repo rate by 25 basis points to 7.25 percent, which would be a two-year low. The poll found that most economists expect the RBI to leave the cash reserve ratio unchanged at 4 percent, the lowest since 1974.

Subbarao, whose five-year term ends in September, has been known to spring a surprise, with some in the market hoping for a 50 basis point rate cut on Friday, or a quarter-point cut in the CRR alongside lower interest rates.

Long a hawkish global outlier as it struggled to keep inflation in check, the RBI began cutting interest rates in April 2012 but that easing has done little to spur demand in Asia's third-largest economy as bureaucratic red tape and regulatory uncertainty have deterred capital investment.

Indian Finance Minister P. Chidambaram, who has been pushing for pro-growth reforms and has been courting global investors, has also called for further monetary easing to boost growth.

Investors will pay close attention to whether there is a softening in Subbarao's tone at Friday's policy review, as they look for clues on the chances for more rate cuts in coming months.

"The probability of more rate cuts is increasing due to the persisting slow pace of growth, softer inflation, and favourable commodity prices," said Siddhartha Sanyal, India economist at Barclays,

who said he expects a 25 basis point rate cut on Friday and a similar cut by mid-2013 despite the tone of Thursday's RBI report.

Indian GDP growth hit a near four-year low of 4.5 percent in the December quarter, while growth for the fiscal year which ended in March is expected to be around 5 percent, the weakest in a decade and far below the country's double-digit aspirations.

India's current account deficit touched a record-high 6.7 percent of GDP in the December quarter, also squeezing the RBI's room to ease policy, although it is likely to fall to about 4.4 percent in the March quarter on higher exports and easing gold imports, a Reuters poll found. (Editing by Simon Cameron-Moore)