Shah further added that investors should base their decision of deploying cash independently irrespective of what the RBI Governor's opinion is. “For momentum investors/traders these are good time to make quick bucks in stocks, for contra investors/ traders these are good times to sell and yet for those who are conservative may want to wait and watch,” he said. … [Read more...] about Heads up! Cautious RBI governor Shaktikanta Das warns of a correction, and he is not alone
Shaktikanta das which state
Fair enough. But why then is the RBI projecting GDP growth at 7.4 percent for FY20, while the Central Statistics Office’s first advance estimate of growth for FY 19 is pegged at 7.2 percent? Does that not imply that growth will be higher in FY20 than in FY19? … [Read more...] about Opinion | Does the RBI think growth is slowing or not?
A small benefit can also accrue to those funds that hold bonds issued by gold-loan companies as RBI has increased the loan-to-value ratio for loans pledged against gold ornaments. This would boost gold loan companies. But if gold prices were to fall, which seem unlikely in the near future, gold-loan companies may face the heat. … [Read more...] about Status quo on rates: Stay put with shorter-tenure debt funds
The Reserve Bank of India (RBI) on August 6 kept the interest rates unchanged, but maintained an accommodative stance, implying more rate cuts in future if the need arises to support the economy hit by the COVID-19 crisis. … [Read more...] about Union Bank of India reduces MCLR by up to 15bps across all tenors
The Reserve Bank of India (RBI) central board has approved the transfer of Rs 57,128 crore in surplus as dividend to the government for the accounting year 2019-20, the central bank said in a release on August 14. The Board also decided to maintain the Contingency Risk Buffer at 5.5 percent. … [Read more...] about RBI Board approves transfer of Rs 57,128 crore dividend to government