Broker View - 10 March - SK: up, Angel: up, Motilal: up (All referring to same target levels)
BOJ - Not reducing rates next week
ECB - If ECB reduces rates and more significantly - increases QE - then expect RBI not to proceed with rate cut - to tackle liquidity
Inflation figures expected to stay stangnant to minor upinch - and add to the lack of clarity on govt funding on OROP & 7th pay commission in budget figures and their impact on fiscal target of 3.5% - The probability of RBI rate cuts is - 25% to 50%
BOJ - Not reducing rates next week
ECB - If ECB reduces rates and more significantly - increases QE - then expect RBI not to proceed with rate cut - to tackle liquidity
Inflation figures expected to stay stangnant to minor upinch - and add to the lack of clarity on govt funding on OROP & 7th pay commission in budget figures and their impact on fiscal target of 3.5% - The probability of RBI rate cuts is - 25% to 50%