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RBI policy, IIP, Q3 data major deciders of market this week

RBI policy, IIP, Q3 data major deciders of market this week

Reserve Bank's monetary policy review meet this week, key macro data and corporate quarterly earnings will size up the market this week, say experts.

CPI inflation likely at 5.6-5.8% over next 2 months: Deutsche

CPI inflation likely at 5.6-5.8% over next 2 months: Deutsche

Inflation based on the Consumer Price Index (CPI) is likely to remain in the 5.6-5.8 percent range over the next two months, Deutsche Bank said in a research note, predicting that RBI would cut the policy rate "one more time".

Govt proposes to dilute RBI chief's power; can't veto on policy rate

In a move that may dilute powers of RBI chief, the government Thursday proposed taking away his authority to veto the interest rate decision of the central bank's monetary policy committee.

State Bank of Travancore cuts base rate to 10.15 per cent

State Bank of Travancore (SBT) today became the first bank to cut benchmark lending rate, or base rate, by 0.1 percent to 10.15 percent, almost a week after RBI slashed policy rate by 0.25 percent.

Rajan went by majority opinion of advisors on RBI policy rate

RBI Governor Raghuram Rajan went by the majority suggestion of the central bank's external advisors to wait for signals from the Union Budget before reducing key interest rate, although three of the seven members were for a cut of 25-75 basis point.

RBI rate cut decision 'turning point', will boost growth: FM

Finance Minister Arun Jaitley on Friday described the decision of RBI to cut key policy rate by 0.25 percent as an "important turning point" and hoped it would engender faster growth.

RBI to hold rates on Sept 30; may cut in Feb: BofA-ML

The Reserve Bank of India is likely to hold the key interest rate in its policy review meeting later this month and is expected to lower that from February, says a Bank of America Merrill Lynch report.

RBI likely to raise repo rate by 0.25% to tame inflation

With food prices showing no signs of abatement, the Reserve Bank is likely to hike its key policy rate by 0.25 percent Wednesday.

Analysts see Rajan effecting third hike on December 18

The latest retail inflation data which has hit a nine-month high, could force the Reserve Bank of India (RBI) to unleash another 0.25 percent hike in its short-term lending rate, though concerns persist on the growth front, according to analysts here.

RBI hints at hike in interest rate to check price rise

However, the report adds, "Macroeconomic risks still exist with some upward pressure on inflation and the possibility of fiscal slippage, thus posing new challenges."

Assocham expects 0.25% cut in policy rate

Reserve Bank of India is likely to cut interest rate by 0.25 percent in its upcoming policy review as inflation is high, industry chamber Assocham said.

Chambers seek growth boosting steps from RBI

Industry bodies on Monday urged the Reserve Bank to reduce key policy rates and ease the tight liquidity conditions in forthcoming monetary policy review.

RBI steps not to result in high interest rate: PM

Singh said the volatility in exchange rate was caused due to concerns over withdrawal of quantitative easing by the US.

Policy rate alone not responsible for slowing growth: Subbarao

Amid widespread demand for cut in interest rate in the forthcoming monetary review to boost growth, RBI on Tuesday said the policy rate is not the only reason for slowdown in investments and the economy.

India Inc calls for 1% cut in policy rate

Ahead of RBI's annual monetary policy, Indian corporates have called for cut in key policy rates by at least one percentage point to boost investment and revival of the economy, an Assocham survey said Sunday.

RBI policy rate cuts to depend on inflation scene: C Rangarajan

Terming the RBI action to infuse liqidity "appropriate", Prime Minister's economic advisory panel chief C Rangarajan Sunday said policy rate cuts by the central bank would depend on inflation movement.