Published on Mon, Mar 16, 2009 at 17:08 , Updated at Mon, Mar 16, 2009 at 17:10
Source : moneycontrol.com
Q: What have you made of this move – do you think that the rally is over that the Reserve Bank’s show of muscle is completely priced in?
A: I think yes, for now the RBI’s action has been priced into the market but I am a little hopeful because we have two buyback auctions of the RBI – today and again further down the week where if the RBI wants to indicate any further stance, it could. That is one hope that we still have.
Q: What's the range you give the 10-year i.e. 8.24% really from say today till March 31?
A: We have a broad range in mind. We are just above 6% to about 6.5%. I am sorry to give to such a broad range but that is the fact of life today.
