Inflation, Fed to decide RBI's next policy move: Brokerages

August 05, 2015 12:40

A day after Reserve Bank of India decided to keep its policy rates on hold, some top equity research firms including Morgan Stanley and SBI Research today said the central bank may ease the rates on favourable macroeconomic data.
A few others such as Nomura and DBS, however, said that RBI was in a neutral gear and the rates are likely to remain on hold.
On its part, RBI has said that its future rate action would depend largely on three key factors -- inflation, monsoon progress and the US Fed action.
Morgan Stanley said in a research report that evolving inflation trajectory will create room for more policy rate cuts.

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