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RUPEE AT CLOSE - Rupee Ends At 66.92/$ Vs 67.01/$ On Friday SIEMENS - Bags Order Worth Rs 287 Cr Form Nagpur Metro Rail Corporation

No Trigger For Growth Recovery: Sonal Varma

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August 14: Nomura has cut FY14 growth estimate to 4.9% due to the RBI’s response to the currency problem. What repercussions will the measures undertaken by the central bank have? Sonal Varma, ED and India Economist at Nomura Financial Advisory and Securities, says RBI liquidity tightening will erode credit quality and suppress capex cycle.