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Listen In: Monetary Policy decoded

SI Reporter/Mumbai 31 Jul 12 | 01:12 PM

The Reserve Bank of India (RBI) met again today to review the Monetary Policy. Listen into an in-depth analysis of the statements by top experts and economists.

The RBI has left interest rates unchanged for the second time since June, in line with expectations, while cutting its growth forecast and lifting its inflation outlook as economic conditions deteriorate.

The RBI kept its policy repo rate unchanged at 8% and left the cash reserve ratio (CRR) for banks at 4.75%. CRR is the share of deposits banks must keep with the RBI. The statutory liquidity ratio (SLR) was slashed from 24% to 23%.

The RBI has repeatedly called on the government to take steps to revive investment and cut populist spending that bloats its fiscal deficit, and on Tuesday said an immediate cut in fuel and fertilser subsidies is needed if the government is to reach its target of cutting subsidies to under 2% of GDP.

Listen in to what top economists and market players make of these statements and where should you be investing now.

The Panel:

Shubhada Rao, Executive Vice President and Chief Economist, Yes Bank  CLICK HERE FOR THE AUDIO

Sonal Varma, Economist, Nomura CLICK HERE FOR THE AUDIO

Deven Choksey, Managing Director, K R Choksey Securities CLICK HERE FOR THE AUDIO

Sandip Sabharwal, CEO – PMS, Prabhudas Lilladher Group CLICK HERE FOR THE AUDIO

Abraham Chacko, Executive Director, Federal Bank CLICK HERE FOR THE AUDIO

AK Prabhakar, Senior Vice President (Equity Research), Anand Rathi CLICK HERE FOR THE AUDIO

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