Positive
§ Post Budget reactive fall of INR/USD is settling down gradually .
§ Better than expected IIP (Index of Industrial production) data of Jan 13 . ( Jan IIP growth 2.4% ) ,(Dec 12 -0.73%)
§ Expected Forex inflow for share sale of few Government Company { NALCO & SAIL} ( size USD 1 Billion )
§ Hope for 25bps Repo rate cut by RBI on coming 19th March to boost growth
§ Recovery of Equity Market with Fresh inflow of FII Money .
§ Eight Months Lowest Trade deficit in Feb ( USD 14.9 Billion ) as against Jan ( USD 20 Billion )
§ US Central Bank decision to continue financial support to boost its Economy
§ Improved Economic indicator from USA giving hope for faster Global recovery
§ Falling Global Crude price . Brent crude at USD110/ bbl against USD117/bbl on 1st Feb
Negative
§ Rising consumer Price Inflation ( CPI ) may force RBI to delay rate cut .( Feb CPI inflation : 10.91% )
§ Continuing pressure to EURO due to political instability in Italy & Rating down grade by FITCH to “BBB-”
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