RBI’s Quarterly Review of Monetary Policy (originally published on 28th July 2008)

Introduction: The central bank will hold its quarterly monetary policy review today. In June, the RBI raised the repo rate by 75 basis points in two steps and announced a 50 basis point increase in the cash reserve ratio (CRR) to 8.75 percent. The Reserve Bank of India (RBI) in its review meeting today is expected to raise its key lending rate by 25 or 50 basis to cool inflation from nearly 12 percent.

What will be the central bank’s stance like? Ganesha takes a look at the present scenario.

India’s Chart

horo

Transiting Planets on July 29, 2008 at 0530 hours

Sun–    Cancer at 12 degrees

Moon– Taurus at 25 degrees

Mars– Leo at 22 degrees

Mercury– Cancer at 11 degrees (combust)

Jupiter– Sagittarius at 21 degrees (R)

Venus– Cancer at 26 degrees

Saturn– Leo at 13 degrees

Rahu– Capricorn at 25 degrees

Ketu– Cancer at 25 degrees

Astro Analysis

Note that transiting Moon is not in the second house of India’s chart, the first and the primary factor which leads Ganesha to think negatively about the short term quarterly policy. Moreover, Moon (significator of mind) being placed twelfth from India’s second house of finances and financial policy indicates that the policy may infact reduce the nation’s reserve and there may be a flight of foreign funds out of the country.

Reserve Bank may further tighten monetary policy by increasing rates. The reason being, the lord of the second house of finances of India’s chart is deeply combust, in its transit on July 29, 2008. This means that decisions of a nature that are not good for the national wealth may be taken.

Also, look at the Moon-Venus aspects where transiting Moon is exactly sextile to transiting Venus. Moon is the lord of India’s fourth house of domestic peace and happiness and Venus is the lord of the Ascendant which indicates that a policy will definitely be designed to curb inflation and increase the ruling party’s populism.

Summary

Ganesha feels that this quarterly monetary policy will definitely be populist and anti inflationary, benefiting the masses, but very decisive for the stock and commodity markets.

Wishing India a good fiscal third quarter.

Ganesha’s Grace

Rikhav Khimasia

The GaneshaSpeaks Team

Description: RBI is scheduled to announce its quarterly review of monetary policy today. In June, the RBI raised the repo rate by 75 basis points in two steps and announced a 50 basis point increase in the cash reserve ratio (CRR) to 8.75 percent. According to a recent survey, Reserve Bank in its review meeting today is expected to raise its key lending rate by 25 or 50 basis to curb inflation.

Keywords:  RBI, quarterly review of monetary policy, RBI’s quarterly review, hike in interest rates, Ganesha, astrology, prediction, July 29, 2008, inflation, stock and commodity markets.

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About rikhavkhimasia

Rikhav Khimasia started practicing as a Professional Consultant Astrologer and Alternative Healer, from early 2000 AD at the age of 28. It was May 2003 when he was approached by people representing one of India’s foremost Parsi Astrologer’s website and was taken on board as a Team Member in the position of a Senior Web Astrologer. In his tenure on this website he has had the fortune of reading, interpreting and replying to more than 30,000 horoscopes, till he resigned in June 2009. Rikhav Khimasia, has a detailed experience in dealing with issues like, child birth, marriage, love, business and career choices, education choices, Mahurats of all kinds for all kinds of purposes, fortunate days and many more. An astrologer Par Excellence, Rikhav Khimasia had predicted on many things like Chandrayaan Mission and its untimely demise, the Large Hadron Collider and its need to take a break soon after its start, on Man Mohan Singh becoming the PM again in the 15th Lok Sabha, on Nano moving to Gujarat, on many other Indian and Western celebrities, on TV shows like Dus Ka Dum and on new entertainment channels like Colors and its TRP growth, and many more; all in form of articles on the net, which may still be found. Rikhav Khimasia is a Management Graduate, and has learnt Vaastu, Reiki, Crystal Healing, Pyramid Vaastu, Transcendental Meditation, Auto Suggestion, Self Hypnotism, Past Life Regression, Alpha Beta Theta level Meditation too. He is versatile with use of various techniques and does not stick to a single technique or school of astrology as he believes in the Motto “Solve Client’s Problem Any How”. He is not at all loyal to a single technique or school of astrology, he is only loyal to his client. The other advantage being, that he can bring in and attach age old astrology rules and significations to the current modern times and not be bogged down by the lineage and ancestry. He is secular by nature and believes GOD is one.
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