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25 bps hike factored in; no stance on Apollo: Ambit

Speaking of the more impending monetary policy meet tomorrow, Ambit Capital's Saurabh Mukherjea said a 25 bps rate hike is highly likely given the runaway price rise. If the inflation data stays as punchy, then another 25 bps rate hike cannot be ruled out in January, as it is the only tool left with the RBI to tackle price rise.

first published: Dec 17, 2013 09:17 am

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