Wednesday, February 6, 2013
India Interest Rate Historical Chart
Since last 2 years every guru and analyst have been telling us Interest rates in India have peaked and we have been arguing exact opposite - we are far from a point of Interest Rate peak. Against emotional reasons or gut feel by others we are supporting our logic of 'far from peak' theory by giving historical chart of SBI's Prime Landing Rate (PLR) since 1970 :-).
We attach latest SBI's PLR historical chart:
If we see above chart we can say even after recent minor cut in PLR (currently at 14.45%) there are hardly any signs of top, on the contrary we may actually see another wave of RISING rates in coming months (post Q3 CY13?) which could make final peak. See how peak was made in 1993.