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RUPEE AT CLOSE - Rupee Ends At 67.01/$ Vs 67.07/$ On Thursday HDFC BANK MD - Note Ban Will Lead To Transparency, Efficiency, Cost Reduction

Timing Of RBI’s MSF Cut Is Perfect: K Harihar

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October 8: FirstRand Bank’s K. Harihar says RBI was expected to cut MSF, but the 50 bps cut had a positive impact on markets. The US impasse is a bonus for EM currencies as Q3 QE fears are delayed further, he says. Referring to RBI’s next policy meet, he says the central bank will continue to focus on inflation but is expected to raise repo rates as they want to narrow the corridor.