S&P thinks India’s sovereign rating will remain stable

S&P thinks India’s sovereign rating will remain stable

FPJ BureauUpdated: Saturday, June 01, 2019, 12:12 AM IST
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New Delhi : Global rating agency Standard and Poor’s expects a stable trend in sovereign credit rating in Asia-Pacific nations, including India, despite growing economic uncertainties. “Factors supporting economic growth in the region are the continuing US recovery, lower energy prices and still-plentiful liquidity in financial markets,” it said. In its mid-year review of the Asia-Pacific region, S&P has retained India’s sovereign at ‘BBB-‘ with stable outlook as originally mentioned in its report in September 2014.

RBI may lower rates on Aug 4: Moody’s

The Reserve Bank is likely to cut interest rates in its upcoming monetary policy review next month despite retail inflation surging to an eight-month high in June, Moody’s Analytics Associate Economist Faraz Syed said in a research note.

Syed further said that though food prices are rising, rainfalls have been “near average” levels in recent weeks which was one of the pre-condition, for the RBI to maintain an easing bias. Moody’s expects wholesale prices to fall further.

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