CNBC TV 18 has conducted a poll of 40 CFOs. The poll reveals that 50% of the respondents expect interest rates to harden further. 53% of them expect the rates to harden 25-75 bps.

CNBC-TV18 CFO POLL
40 CFO's polled

Profile : Manufacturing: 53%, Services: 47%

Your view on interest rates?
a) Harden further 50%
b) Stable (6-12 mths) 35%
c) Soften (6 months) 15%

By how much do you see rates hardening over next 12 months?
a) 25-50 bps 33%
b) 50-75 bps 20%
c) 75-100 bps 13%
d) > 100 bps 2%
e) At current levels 22%
f) Will soften 10%

Would latest 50 bps hike impact profitability?
a) Yes 78%
b) No 20%
c) Can't Say 2%

Do you see capex slowdown due to interest rates?
a) Yes 38%
b) No 52%
c) Can't Say 10%

Would rupee strengthen further?
a) Yes 25%
b) No 52%
c) Can't Say 25%

Highlights

40 CFO's polled; 53% from manufacturing & 47% from services
50% of them feel rates would harden further
33% of them see rates higher by 25-50 bps over next 12 months; 20% of them see rates higher by 50-75 bps and 22% see rates at current levels
78% of CFO's say last wk's rate hike would impact profitability
52% of CFO's feel capex would not slowdown due to rising rates
52% of CFO's feel rupee would not strengthen further