In its fourth bi-monthly monetary credit policy review, the Reserve Bank of India sprang a pleasant surprise with a 50-basis point repo rate cut, bringing cheer to a stock market that was in angst over the rate decision.
The RBI rate cut event is over. Now it’s over to the ‘always imminent’ Fed rate hike. With foreign portfolio investors pulling out over Rs 5,500 crore in September on top of nearly Rs 17,000 crore in August, markets have headed for levels lower than seen in last two months.
Guar seed and guar gum prices are significantly down this season compared with last year. But the market has been largely volatile because of developments on the monsoon front
The Union cabinet last week extended the period of the “control order” for pulses, edible oils and oilseeds by a year more.
Investor worries about foreign inflows turning negative is a short-term event. India is set to get the larger allocation of the emerging market pool than what it is getting today.
Festive season demand coupled with the recent interest rate reduction may possibly start reflecting in the volume growth and subsequent revenue growth for FMCG (fast moving consumer goods) companies by
The state of the economy has a strong bearing on the FMCG sector, which is dominated by food and beverage, and grocery and personal care.
Indian markets reeling un-der the burden of international developments have got a pleasant surprise from the Reserve Bank.
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William D. Green
Chairman & CEO, Accenture