#Openingbell #Marketnews #news Today, the start is likely to be in green, as the global cues are good and traders will be eyeing for further boost in the rupee after the 23rd governor of the #RBI #RaghuramRajan indicated various measures including issue of #inflation-indexed savings certificates linked to the #ConsumerPriceIndex ( #CPI ) to retail #investors by end of November. #RBI is also mulling low-cost swap lines to increase foreign flow in the country. Market will also be getting some encouragement with the passage of the #PensionFundRegulatory and #DevelopmentAuthorityBill, 2011 in the #LokSabha. However there will be some cautiousness too, as after the #S&P, another rating agency #MoodyInvestorsServiceInc. has put India on notice, warning that the country’s sovereign rating outlook will depend on the depth and extent of the current economic downturn and the trends in the balance of payments situation. However, finance secretary #ArvindMayaram has allayed the fear, saying that there is no case for a ratings downgrade on India. Read more at rsec.co.in/market-and-news/equity/market-outlook/daily
Posted on: Thu, 05 Sep 2013 03:57:28 +0000
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