Indian equities markets continued to consolidate as market got a expected trigger from the RBI's monetary policy. The Reserve Bank of India (RBI) hiked its key short term repo and reverse repo rates by 25 basis points each. This was in line with the market expectations. The new repo and reverse repo rates stand at 6.75% and 5.75% respectively. The central bank however left the cash reserve ratio ... [Continue Reading]
Experts Forecasted February Inflation Number May Come Near 7.8%
According to the data released by the ministry of commerce and industry on Monday, the wholesale price index (WPI) inflation, more closely watched than the consumer price index (CPI), advanced 8.31% in the month of February versus 8.23% in January after prices of fuel and manufactured products went higher. The rise in the monthly inflation numbers was unexpected as economists and experts ... [Continue Reading]
RBI Hikes rates by 25 bps on 25 January 2011
Indian equities markets continued to rally for the second day consecutive day as market got a positive trigger from the RBI's monetary policy. The Reserve Bank of India (RBI) hiked its key short term repo and reverse repo rates by 25 basis points each. This was in line with the market expectations. The new repo and reverse repo rates stand at 6.5% and 5.5% respectively. The central bank however ... [Continue Reading]
RBI Hikes Interest Rates by 25 bps
Reserve Bank of India (RBI) hiked the repo and reverse repo rates by 25 basis points (BPS) each to 5.25% and 6.25%, respectively as they came inline with the market expectations. However, the Cash Reserve Ratio (CRR) has been kept steady at 6%. Market Outlook: The rates by RBI were as expected by the markets. Nifty and Sensex will be trading in a very narrow range today. However we are still ... [Continue Reading]