Last year, the Reserve Bank of India had followed a calibrated tightening policy. However, resurgence in inflation in the fourth quarter of FY11 has the RBI worried. In its first monetary policy review of 2012, the central bank has raised repo and reverse repo rates by 50 basis points, thus breaking its calibrated approach.
Shailendra Bhandari, MD & CEO, ING Vysya Bank told CNBC-TV18 that he expects the base rate to likely go up by 25 bps.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
