Monetary policy review: Sharekhan Special dated January 31, 2007

[Sunil]

 

Sharekhan Special [January 31, 2007] Please see the attachment for details Share khan www.sharekhan.com

Summary of Contents SHAREKHAN SPECIAL Monetary policy review The Reserve Bank of India (RBI) has raised the repo rate by 25 basis points to 7.5% in the third quarter review of its Monetary Policy for 2006-07 in line with the market expectations. The RBI has maintained its inflation target stating that the current high inflation levels may be transitional. Overall the RBI continues to remain vigilant. While the rate hike was on expected lines the prudential measures on standard assets provisioning announced by the RBI reaffirms its focus on the quality of assets in the system.

Regards, The Sharekhan Research Team myac...@sharekhan.com

 

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