Mid-quarter review-Core inflation emerges as a risk: HDFC
The RBI met earlier today for its mid-quarter review raising its repo and reverse repo rate by 25 bps each ( to 6.75% and 5.75% respectively) along market expectations.
March 18, 2011 / 14:25 IST
HDFC Bank has given their view on RBI policy.
The RBI met earlier today for its mid-quarter review raising its repo and reverse repo rate by 25 bps each ( to 6.75% and 5.75% respectively) along market expectations. Indeed, with inflation for the month of February coming in as a rude shock to the market( the reading came in at 8.3% against expectations of 7.8% and on top of an upwardly revised estimate of 9.4% for December) at the start of the week, this is the very least the central bank could have done to assuage concerns on price pressures. The tone and tenor of today
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