RBI raises repo rate; further near-term hike unlikely

The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by

RELATED ARTICLES

25 basis points but said that if consumer price inflation eases as projected it does not foresee further near-term tightening.

The RBI raised its policy repo rate by 25 basis points to 8.00 percent. Most economists in a Reuters poll conducted last week had expected no change in rates.

However, expectations for a rate hike had increased after a central bank panel proposed to make the consumer price index the main inflation benchmark.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • RBI must keep a strict vigil on private debt inflows

    A little over a year ago, RBI governor Raghuram Rajan had observed that central banks of the developed world were excessively liberal with printing mo

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

When too little could mean too late

The calamity in Jammu and Kashmir has once again shown ...

Kuruvilla Pandikattu SJ

Genuine spirituality means true humanity

Every religion promises salvation to its followers. Rarely do we ...

Gautam Gupta

Moral policing is the need of the hour

Recently, when Deepika Padukone raised her voice against an objectionable ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture