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Reserve Bank of India Governor Shaktikanta Das said the rupee has witnessed ‘low volatility’ and orderly movements as compared to its peers. He said household inflation expectations are becoming more anchored, but added that headline inflation is vulnerable to recurring and overlapping food price shocks. He said ‘On the exchange rate front, the Indian rupee (INR) has exhibited low volatility and orderly movements relative to peers despite elevated US treasury yields and a strong US dollar’. He said this is courtesy the strength of the underlying macro-fundamentals of our economy and the reassuring forex buffers.
Crediting RBI's rate hikes, liquidity tightening moves and supply-side measures undertaken by the government for the headline consumer price inflation cooling off to 4.9 per cent in October, Das stressed that the RBI is ‘completely focused’ on getting the headline inflation down to 4 per cent. He said the monetary policy will be ‘watchful’ about the emerging trends and ‘actively disinflationary’, and added that it will be supporting growth as well. He said the softening in the core inflation gives the RBI the conviction that ‘monetary policy seems to be working’.
He also reiterated the Arjuna analogy to speak about the resolute focus of the central bank on inflation, and also borrowed from the ‘Swayamvar’ scene in the mythological text to say that just like Arjuna focusing on the bird's eye while calculating the ripples and sound in the room, the central bank also takes into account various other aspects. Meanwhile, he said household inflation expectations are becoming more anchored and cited recent surveys by the Reserve Bank which illustrate this.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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