A a day ahead of the RBI's policy review, State Bank of India (SBI) on Thursday increased its base rate, or the minimum rate of lending, to 9.80 per cent, making loans costlier.
"State Bank of India has revised the base rate by 0.10 per cent from 9.70 per cent per annum to 9.80 per cent," it said in a statement. Retail term deposit rates have been revised upward, it said.
SBI is the first major state-run bank to hike lending rates after short-term rates rose as a result of the Reserve Bank of India's liquidity tightening moves announced in July.
The decision comes on the eve of the mid-quarter review of the monetary policy.
According to watchers, new RBI Governor Raghuram Rajan has been given some room to take an accommodative stance after the US Federal Reserve delayed the tapering of liquidity infusion.
SBI also increased the spreads on auto and home loans by as much as 0.20 per cent, which will affect new borrowers.
Home and auto loan borrowers typically pay a margin, or a spread, above the base rate, which is arrived at as per the risk and quantum of borrowing.
The bank has hiked rates for loans under the benchmark prime lending rate, an older system of computing interest rates, to 14.55 per cent from 14.45 per cent. The lending rate hikes are effective from today, it added.
A senior bank official said the decision to increase rates was taken by the asset liability committee, which met late last evening.
"There has been an increase in our cost of funds and the pressure will only increase further as we enter the festive season, which increases the requirement for liquidity," the official said.
New housing loans under Rs 30 lakh will come at 10.10 per cent as against 9.95 per cent earlier, while interest rates on auto loans will go up to 10.75 per cent, the official said.
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
- See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
- See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
ECONOMY
19 Sep, 2013 11:50 IST
RBI To Likely Hold Rates Steady: Poll
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25%, and 47 of 48 respondents see the CRR unchanged at 4.00%
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Picture by Reuters
The
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August.
(Reuters)
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August.
(Reuters)
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he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August. - See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
he
Reserve Bank of India's new Governor Raghuram Rajan is expected to
leave key policy rates unchanged in his first monetary policy review on
Friday, and continue emergency cash tightening measures initiated in-mid
July to stabilise the rupee, and check racing inflation.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August.
- See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4.00 per cent.
Of 37 economists polled, 30 expect no change in the Marginal Standing Facility (MSF) rate or the rate at which banks access funds for emergency needs. The MSF rate was raised by 200 basis points in July as part of slew of cash tightening steps aimed at rescuing the rupee.
Of 32 economists polled, 17 said they expect the RBI to retain the cash tightening steps, while another 28 out of 38 said they do not expect more measures to strengthen the rupee.
The majority of economists polled expect RBI's focus to remain on rupee stability with price stability coming a close second. Eighteen of 35 economists polled expect Rajan to retain his predecessor's stance, while 12 expect a more growth-oriented approach.
The rupee slumped to a record low of 68.85 to the dollar on August 28 but has since clawed back some ground and last traded at 63.22 on Wednesday.
India's headline inflation rate based on the wholesale price index soared to a six-month high of 6.1 per cent in August.
- See more at: http://www.businessworld.in/news/economy/india/rbi-to-likely-hold-rates-steady-poll/1082159/page-1.html#sthash.wS4Ji7Y2.dpuf
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