Deutsche Bank says easing liquidity may make RBI less hawkish
Global banking and financial services major Deutsche Bank has said continued foreign inflows into India and rising financial savings could keep liquidity easy.
- Sep 22, 2014,
- Updated Sep 22, 2014 5:04 PM IST
Global banking major Deutsche Bank has said the Reserve Bank of India (RBI) could adopt a less hawkish stance should liquidity conditions remain easy in India and oil below $100 a barrel.
The financial services company said continued foreign inflows into India and rising financial savings could keep liquidity easy.
Still, Deutsche Bank said rate cut is not in its base case.
Overnight cash rates were up at 8.05/8.10 per cent on Monday versus Friday's close of 7.70/7.75 per cent.
(Reuters)
Global banking major Deutsche Bank has said the Reserve Bank of India (RBI) could adopt a less hawkish stance should liquidity conditions remain easy in India and oil below $100 a barrel.
The financial services company said continued foreign inflows into India and rising financial savings could keep liquidity easy.
Still, Deutsche Bank said rate cut is not in its base case.
Overnight cash rates were up at 8.05/8.10 per cent on Monday versus Friday's close of 7.70/7.75 per cent.
(Reuters)