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Expect the market to attain new highs in 2013: Nirmal Jain, IIFL

Mumbai | December 13 2012 17 : 05 IST | The Economic Times
There have been indications that the rate cut may be around January and there is a strong possibility that we have a CRR cut of 25 basis points in December, followed by a rate cut in January, which will make sure that the growth sustains because one month's IIP number is not something that will make one confident that the growth has come back.
There have been indications that the rate cut may be around January and there is a strong possibility that we have a CRR cut of 25 basis points in December, followed by a rate cut in January, which will make sure that the growth sustains because one month's IIP number is not something that will make one confident that the growth has come back.

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