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RBI left rates unchanged - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at TDS, notes that as universally expected, the RBI left rates unchanged.

    Key Quotes

    “We continue to expect them to ease further closer to the middle of the year, but the conditions are not in place for rate cuts at the moment. The budget being presented by the government on February 29th will provide further guidance to the RBI on what to expect on the path for fiscal consolidation. This will also provide scope for further benefits from the decline in oil prices to materialize as well as ensure INR at least remains stable from here.”
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