RBI cuts the key policy rate by 25 basis points for the third time since january and kept the CRR ratio to unchanged , Repo and reverse repo rate is now 6.25 per cent to 7.25 per cent.
RBI says inflation still have to keep an eye on. RBI believes that inflation in fiscal year 2014 is projected at 5.5 per cent. Inflation is estimated to be in the range. In the first half of fiscal year 2014 inflation eases, but may see an increase in the inflation rate. March 2014 will be trying to bring inflation to 5 per cent. In fiscal year 2014 is estimated to be 14 per cent deposit growth. Banks' credit growth in fiscal year 2014 is estimated to be 15 per cent.
Monday bullish bearish trend for commodity:
Silver trade above 45000 and still in positive side , cotton and mentha oil may be fluctuate but gold will stay in positive direction.
RBI says inflation still have to keep an eye on. RBI believes that inflation in fiscal year 2014 is projected at 5.5 per cent. Inflation is estimated to be in the range. In the first half of fiscal year 2014 inflation eases, but may see an increase in the inflation rate. March 2014 will be trying to bring inflation to 5 per cent. In fiscal year 2014 is estimated to be 14 per cent deposit growth. Banks' credit growth in fiscal year 2014 is estimated to be 15 per cent. Monday bullish bearish trend for commodity:
Silver trade above 45000 and still in positive side , cotton and mentha oil may be fluctuate but gold will stay in positive direction.
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