RBI Jan 28 monetary policy to hold rates likely

On January 28, the Reserve Bank of India (RBI) will release the third quarter review of monetary policy for the fiscal 2013-14 and the experts seem to be in unanimity with regard to the possibility of RBI holding monetary policy rates.

More rate hikes likely by RBI!

RBI raised repo rate by 25 basis points (bps) to 7.75 percent.

Monetary tightening can`t do much about inflation

Higher rates may affect the industrial output which is already lagging.

Industrial output growth slows to 3.7% in January

Industrial growth during the Apr-Jan period this fiscal stood at 8.3%.

Inflation in India driven by supply pressures: RBI

Food inflation is largely driven by supply side pressures, RBI Governor said.

Why RBI can cut no ice

It is a strange coincidence that RBI’s last quarterly monetary policy review this fiscal and EGoM meet on food falls on March 17th.

RBI needs to rethink on monetary tightening

Slow industrial growth and widening fiscal deficit are prompting the policy makers to take a re-look at its policy of monetary tightening to contain rising prices.

Inflation rises marginally to 8.31 % in February

Inflation rose marginally to 8.31 percent for the month ended February from 8.23 percent in the previous month, putting pressure on the Reserve Bank to raise interest rates when it reviews the monetary policy later this week.