DSIJ Gets It Right - Yet Again!
Suparna / 20 Sep 2013
Where the street expected to see status quo and even leading analysts failed to make an accurate prediction, we provided our readers with spot-on guidance on the policy rate in an uncertain situation.
The market always runs on perceptions and expectations. Hence, it is as important to know what has happened in the past as to gauge what comes next. Those whose estimates are on the mark or closest to it manage to maximise their wealth.
With regard to the latest RBI meet, a survey of 52 economists conducted by the Economic Times had suggested that 50 of them expected the RBI Governor to maintain the policy (repo) rate to remain 'as is' at 7.25%.
When everyone on the street was expecting to see status quo, we had a different view. In our Flash News Investment newsletter (Issue No 35, Dated August 19, 2013) we expressed the following view: “We would not be surprised if the central bank hikes the repo rate”. Sure enough, that is exactly what happened, and the RBI has hiked the repo rate to 7.50%.
Where the leading analysts have failed to make an accurate prediction, we provided our readers with spot-on guidance in an uncertain situation. We would continue to do so going ahead too.
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