RBI expected to announce rate cut later this month

by Paul Joseph on January 14, 2013 · 0 comments

Analysts expect the Reserve Bank of India (RBI) to announce a cut of at least 25 basis points (bps) in the policy repo rate later this month if core inflation remains below 5 per cent. The headline inflation figure is still high, mainly because of high food prices; but core inflation (non-food manufacturing) has been falling for the past few months. In November, core inflation was 4.5 per cent. read more

[via Stock Watch - Stock Specific News]

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