Tuesday, 15 March 2016

RBI likely to Cut Rate on Back of Slowing Inflation

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 There has been an increase in foreign institutional inflows (FIIs) in the last few weeks, mainly via the exchange-traded funds (ETFs), says Dhananjay Sinha of Emkay Global Financial Services. 


ETF is a marketable security that tracks bonds or an index. Speaking to CNBC-TV18, Sinha says there is a possibility of a rate cut by the Reserve Bank on back of falling inflation reflected in the consumer price index (CPI) data. 


Sinha continues to be positive on Lupin despite recent US Food and Drug Administration (USFDA) observations on the Goa plant. He is also bullish on Tata Motors . 


Sinha says the global commodity prices seem to have bottomed out and the Federal Reserve will get more justification for normalcy, increasing chances of a rate hike.

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