IIP Data and Important Message.

India Feb industrial output up 4.1% vs 6.8% on-yr. USD/INR rises after IIP data.

 

RBI will have a tough call to make next week as market is expecting a repo cut while macro economic data may warrant some caution. Credit growth @ 17% continues to outpace deposit growth @ 13% taking system wide CD ratio to 78%. IIP numbers due today are expected at 7% and something like that may futher warrant caution in cutting rates though liquidity situation will ensure RBI action on CRR or OMO.

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Thanks and Regards 
 
Rohit Saxena

Phone No: 09899365905
Mail Id: simmi9sep@gmail.com

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