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    HomeNewsBusinessCompaniesThe week that was: Rates hiked by 25bps, petrol by Rs 3.14

    The week that was: Rates hiked by 25bps, petrol by Rs 3.14

    The market was pretty dull this week, looking forward to RBI's monetary policy to pave its course. However, poor IIP numbers, inflation data and the steep depreciation in the rupee largely affected its performance.

    September 19, 2011 / 09:41 IST

    In its quarterly review on Friday, the central bank hiked key interest rates by 25 basis points, taking the repo rate to 8.25% and reverse repo to 7.25%. While this move was expected by the market, it was the continued hawkish stance of the RBI that trimmed gains.

    Don't miss: 12 hikes in 18 months: Is inflation limiting RBI options?

    The shocker came at the beginning of the week when India

    first published: Sep 17, 2011 12:14 pm

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