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E-mail ID will not be published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

  • Child abuse needs to be tackled with the seriousness it deserves

    The Bangalore rape case has again brought into focus an issue we Indians forever shy away from facing up to — child sexual abuse.

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

Varun Dutt

<b>Riskfactor</b>: THE BASE RATE BIAS

Base rate fallacy, also called base rate neglect or base ...

Parvez Imam

Revisiting history can do us all good

We often think that we understand history. We read it ...

Bubbles Sabharwal

Your happiness doesn’t depend on your needs

They are two different words (and even worlds) altogether: having ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture