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Nov 03, 2010
Second Quarter Review of Monetary Policy 2010-11

Audio recording of Governor’s Post-Policy teleconference with Researchers and Analysts

held on November 03, 2010
Transcript of teleconference call with researchers/analysts

Nov 02, 2010

Second Quarter Review of Monetary Policy 2010-11

Statement by Dr. D. Subbarao, Governor, Reserve Bank of India on the Second Quarter
Review of Monetary Policy for the Year 2010-11

 Governor's Press Statement

 Full Document
Webcasting of Governors Press Conference

Audio recording of Governor's Press Conference

Transcript of Governor’s press conference

Nov 01, 2010

Macroeconomic and Monetary Developments - Second Quarter Review 2010-11

Macroeconomic and Monetary Developments - Second Quarter Review 2010-11

 Press Release
 Full Document
Sep 16, 2010
Mid-Quarter Monetary Policy Review : September 2010

Press Release

Jul 28, 2010

First Quarter Review of Statement on Monetary Policy for the Year 2010-11

Audio recording of Governor’s Post-Policy teleconference with Researchers and Analysts

held on July 28, 2010
Edited Transcript of Governor's Post Policy Teleconference with Researchers & Analysts

Jul 27, 2010

First Quarter Review of Statement on Monetary Policy for the Year 2010-11

Statement by Dr. D. Subbarao, Governor, Reserve Bank of India on the First Quarter Review
of Monetary Policy for the Year 2010-11

 Governor's Press Statement

 Full Document
Webcasting of Governors Press Conference
 Audio recording of Governor's Press Conference
Transcript of Governor's Post Policy Interaction with the Press

Jul 26, 2010

Macroeconomic and Monetary Developments - First Quarter Review 2010-11

Macroeconomic and Monetary Developments - First Quarter Review 2010-11

 Press Release
 Full Document
Apr 21, 2010
Annual Policy Statement for the Year 2010-11

Edited Transcript of Post Policy Teleconference with Researchers & Analysts (Questions
received on email added)
Audio recording of Governor’s Post-Policy teleconference with Researchers and Analysts
held on April 21, 2010

Apr 20, 2010

Annual Policy Statement for the Year 2010-11

RBI Governor announces Annual Policy Statement for the year 2010-11

 Governor's Press Statement

 Full Document
Webcasting of Governors Press Conference

Audio recording of Governor's Teleconference with Press on April 20, 2010

Transcript of Governor's Post Policy Press Conference and Teleconference held on April 20,
2010 - Unedited Version

Apr 19, 2010

Macroeconomic and Monetary Developments in 2009-10

Macroeconomic and Monetary Developments in 2009-10

 Press Release
 Full Document

MUMBAI: The Reserve Bank hinted at a marginal hike in key policy rates when it reviews its monetary
stance tomorrow, saying inflation was still above the comfort zone and that there was uptick in credit to
non-food sectors. 

"Elevated inflation remains a challenge for monetary policy," RBI said today in its report on
macroeconomic and monetary developments, ahead of tomorrow's second quarter review of FY'11. 

Overall inflation was 8.62 per cent in September, although the government expects it to slip to 6 per cent
by December. 

"Food inflation continues to remain high despite a good monsoon, as price pressures have amplified for
certain non-cereal items like milk, eggs, fish and meat whose output is less responsive to monsoon," the
central bank said. 

Food inflation was 13.75 per cent for the week ended October 16. It has remained in double digit for the
past three months. 

RBI also noted that credit to non-food sectors was healthy, although loan disbursals to the agriculture
sector had declined. 

The bank said its objective was to maintain growth and moderate inflation -- a hint that a nominal hike
may be on the cards tomorrow. 

The RBI's professional forecasters' survey pegged GDP growth at 8.5 per cent, which is a tad higher than
the 8.4 per cent it had forecast at the last review. 

RBI Governor D Subbarao will announce the busy season credit policy tomorrow, and he is widely
expected to go for another hike in the short-term lending (repo) and borrowing (reverse repo) to rein in
inflation. 

The central bank has raised the key rates five times so far this year. 

While there are lots of factors to propel economic growth, the RBI indicated a few downside risks such as
weak external demand, pressure from capital inflows, some moderation in capacity utilization and
persistent inflation in food items needed to be kept in mind. 

"The uncertain global outlook, and the dominance of supply rigidities in certain sectors that impart rigidity
to the inflation path, pose greater challenges for monetary policy in its objective of anchoring inflationary
expectations without hurting growth," the report said. 

"Going forward, the growth-inflation outlook will dominate the policy response," the apex bank.

MUMBAI (Reuters) – The BSE Sensex will take cues from the

Reserve Bank of India's (RBI) monetary policy review on Tuesday,
with focus also on the two-day U.S. Federal Reserve meeting that
ends on Wednesday.
The RBI cautioned on Monday that inflation was still above its comfort level, adding to expectations
that it will raise interest rates for the sixth time this year at the review.
Lenders such such as State Bank of India and ICICI Bank as well as car makers Maruti Suzuki and
Tata Motors will be watched, amid worries a hike in rates could curb consumer demand for loans.
Asian shares were mixed ahead of U.S. elections and the Fed meeting that is expected to ease
monetary policy.
Japan's Nikkei and Hong Kong's Hang Seng Index were trading 0.1 percent lower, while the MSCI's
measure of Asian markets other than Japan was up 0.1 percent by 0307 GMT.
The Nifty India stock futures in Singapore were down 0.2 percent.
On Monday, the main 30-share BSE index closed up 1.6 percent at 20,355.63. The benchmark has
gained 16.6 percent so far in 2010, with foreign fund inflows totalling more than $24 billion.
STOCKS TO WATCH
* Hindustan Motors after the company's September quarter net profit fell 57.5 percent.
* GTL Infrastructure Ltd after the firm's July-September net loss narrowed.
* Radico Khaitan Ltd after its managing director told a conference call the company plans to spend
400-450 million rupees as capex in FY11.
* Great Eastern Shipping Co Ltd after its chief financial officer told a conference call the firm expects
rates in the dry bulk segment to be steady in the near term while those in the tanker segment were
seen under pressure.
* PVR after the cinema hall operator's quarterly net profit rose 39 percent.
* Emami Ltd after its group director told Reuters the firm might hike prices by 3-5 percent across
most product categories by mid-November to counter mounting raw material costs.
* Shoppers Stop after its managing director told a conference call the retailer expects to open 4-5
Hypercity stores in FY12.
* Mandhana Industries Ltd after the textile maker's September quarter net profit jumped 92.7
percent.
* Southern Ispat and Energy Ltd after the company said its board would meet on Nov. 6 to consider
fund raising for expansion and acquisition.
(Reporting by Sumeet Chatterjee and Kaustubh Kulkarni; Editing by Ranjit Gangadharan)