TOP 5 takes of RBI Policy something which even a Laymen could understand
RBI main Guidelines:
1. RBI keeps rates unchanged
2. That could be taken positively for already a nervous and jittery market
3. GDP growth projection lowered to 8.5% more realistic and less towards over heating fears.
4. Access to foreign markets increased even normal investors can invest 100000 dollars in off shore that is ourside india as comapred to 50000 dollars earlier.
5. Earlier comapanies could invest 200% of their Net Worth, amrkets expected 250% but RBi has allowed upto 300%, good move as it will let money get out of India and tighten Money supply and control Inflation.
See as money supply will reduce purchasing power would be controlled and inflation could be brought down.
So, In all Thumbs Up right now, sure Inflation still remains uncontrolled but RBi Policy Cautious gives a good sign to control over heating and immaturity.
for all other people calls please trade at your own risk