Whole banking industry and stock market will be watching the - TopicsExpress

Whole banking industry and stock market will be watching the monetary policy announcement with bated breath on April Ist. Everyone is expecting Governor Rajan to maintain status quo on interest rates in view of better control on inflation. He is known to give surprises and therefore we can expect some announcement on rupee front. Appreciating currency is going to hit the export sector as large inflow of dollars is already causing a flutter in stock market. Improving economy in United states will force RBI to take some remedial measures to boost exports and for that it has to keep rupee to a reasonable level. Incidentally it is on All fools day so be alert of the forthcoming shocks on crucial economic issues.

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