General Trading Chat

[checkmate7]

RBI Policy :

No change in the rates.

Now wait for the presser.

https://www.moneycontrol.com/news/b...-deficit-inflation-cheaper-loans-4911941.html

 

[timepass]

Opinion on the street :

If the donations / charity isn't exempt under the new tax regime, then the FM is just being mean

 

[timepass]

Commentary on the RBI policy :

‘Masterstroke’: Even without rate cut, RBI makes loans cheaper
3 min read . Updated: 06 Feb 2020, 06:00 PM ISTEdited By Surajit Dasgupta

• Today's announcements by the RBI may marginally reduce the interest rates on housing and auto: Analysts
• RBI also announced measures that will allow lenders to borrow cheaply from the central bank

https://www.livemint.com/money/pers...t-rbi-makes-loans-cheaper-11580988027129.html

 

[timepass]

Good news for the autos tomorrow :

Vehicle scrappage policy in its final stage, says Nitin Gadkari
2 min read . Updated: 06 Feb 2020, 08:32 PM ISTShreya Nandi

• The Automobile scrappage policy will benefit the auto sector and reduce the cost of procuring expensive metals such as copper, Nitin Gadkari said
• Gadkari said the govt is considering a Niti Aayog's proposal to introduce fuel with 15% methanol content

https://www.livemint.com/news/india...-stage-says-nitin-gadkari-11581000503640.html

 

[timepass]

Don't know which scrips this news will effect, but sounds important.

Emami to sell cement business to Nirma group arm for ₹5,500 crore
3 min read . Updated: 06 Feb 2020, 11:13 PM ISTSwaraj Singh Dhanjal

• The Emami cement deal will bring Nirma firm Nuvoco’s cement capacity in east, north and west India to 23.5mtpa
• Last year, promoters sold 20% stake in their listed flagship fast moving consumer goods company Emami Ltd

https://www.livemint.com/companies/...up-arm-for-rs-5-500-crore-11580981067398.html

 

[checkmate7]

Opinion on the street :

If the donations / charity isn't exempt under the new tax regime, then the FM is just being mean

They are greedy for money they will do anything to get hands on money...

 

[timepass]

SBI cuts lending rates, housing and auto loans to be cheaper

This is good news for SBI customers as home and auto loans will be now cheaper. Besides interest rates on loans, the top public lender in India has also slashed rates on fixed deposits.
https://www.indiatoday.in/business/...d-auto-loans-to-be-cheaper-1644116-2020-02-07

I didn't think that the RBI policy was going to affect deposit rates

 

[siddhant4u]

SBI cuts lending rates, housing and auto loans to be cheaper

This is good news for SBI customers as home and auto loans will be now cheaper. Besides interest rates on loans, the top public lender in India has also slashed rates on fixed deposits.
https://www.indiatoday.in/business/...d-auto-loans-to-be-cheaper-1644116-2020-02-07

I didn't think that the RBI policy was going to affect deposit rates

RBI asked every banks to link their rates with external benchmark (something similar to Libor) which obviously mean they had to reduce the rates to accommodate previous rate cuts. If they cut loan rates, deposit rates will have to be down so as to keep making money...

 

[timepass]

RBI asked every banks to link their rates with external benchmark (something similar to Libor) which obviously mean they had to reduce the rates to accommodate previous rate cuts. If they cut loan rates, deposit rates will have to be down so as to keep making money...

So the deposit rate cuts are basically a catch-up thing ? Difficult to believe because the banks are always ready to cut deposit rates, and reluctant to cut the lending rates.

 

[siddhant4u]

So the deposit rate cuts are basically a catch-up thing ? Difficult to believe because the banks are always ready to cut deposit rates, and reluctant to cut the lending rates.

it's universal, the stock holder wants to earn profit. only way to do this is to cut deposit rates. 5-6% FD rates means no one will be investing in FD's now. Welcome to Earn-and-Spend culture of MURICA!!

on plus side, those who are economy savvy, will invest more fund in MFs or Stocks to earn better returns...