RBI may maintain repo rate in upcoming policy review: ICRA

ICRA has come out with its comments on November inflation data. The research firm continue to expect the RBI to maintain the repo rate in the upcoming policy review and reduce it by 25 bps in the quarterly review to be held in January 2013.
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Dec 14, 2012, 02.24 PM | Source: Moneycontrol.com

RBI may maintain repo rate in upcoming policy review: ICRA

ICRA has come out with its comments on November inflation data. The research firm continue to expect the RBI to maintain the repo rate in the upcoming policy review and reduce it by 25 bps in the quarterly review to be held in January 2013.

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RBI may maintain repo rate in upcoming policy review: ICRA

ICRA has come out with its comments on November inflation data. The research firm continue to expect the RBI to maintain the repo rate in the upcoming policy review and reduce it by 25 bps in the quarterly review to be held in January 2013.

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, ICRA |

ICRA has come out with its comments on November inflation data. The research firm continue to expect the RBI to maintain the repo rate in the upcoming policy review and reduce it by 25 bps in the quarterly review to be held in January 2013.

By Aditi Nayar, Sr. Economist, ICRA Ltd

Notwithstanding the lower-than-expected WPI print for November 2012, the large upward revision in the initial reading for August and September 2012 to above 8% and elevated food inflation pose a concern. Accordingly, we continue to expect the RBI to maintain the repo rate in the upcoming policy review and reduce it by 25 bps in the quarterly review to be held in January 2013, in line with the guidance provided previously by the Central Bank.

Even as core inflation eased to a 32-month low of 4.5% in November 2012, six of the 11 sub-groups recorded an increase in the index levels in month-on-month terms, which partly reflects the continued pass through of the diesel price hike and a depreciation of the Rupee.

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RBI may maintain repo rate in upcoming policy review: ICRA
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