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TAKE A LOOK-India cbank hikes rates, reserve ratio by 25 bps

Tue Apr 20, 2010 7:58pm IST

 India's central bank on Tuesday raised key interest rates
by 25 basis points, as expected, tightening policy for the
second month in a row as it battles inflation near double
digits.
 The Reserve Bank of India also raised its cash reserve
ratio (CRR) requirement for banks by 25 basis points, as
expected, to drain further liquidity from the financial system.
 The repo rate now stands at 5.25 percent while the reverse
repo rises to 3.75 percent. The repo and reverse repo rate
hikes take effect immediately while the CRR increase to 6
percent, will be effective April 24.
 Double click in the brackets to see stories and data:
 ---------------------------------------------------------------
 -- LATEST STORIES > India cbank lifts rates, signals more
tightening. [ID:nSGE63J098]
 > Slim majority see another India rate hike by end June. 
[ID:nBMA007378]
 > India cbank could hike rates at both meets-StanChart 
[ID:nSGE63J0JJ]
 > India cbank raises rates; Australia poised for more   
[ID:nSGE63J06P]
 > Aussie swaps rise on hawkish cbank, India's ease      
[ID:nTOE63J04Y]
 > India cbank lifts rates, signals more tightening      
[ID:nSGE63J098]
 > OIS rates fall sharply as RBI turns cautious          
[ID:nSGE63J0IL]
 > India cbank lifts rates, CRR by 25 bps, matching fcasts
[ID:nBAY002176]
 > India finmin:inflation to ease; rate move complementary
[ID:nSGE63J0BX]
 > India cbank: Watching bond markets carefully          
[ID:nBMA007377]
 > India cbank: Not ruling out mid-policy action         
[ID:nBMA007376]
 > India official:rate hikes unlikely if inflation eases 
[ID:nDEL002902]
 > HDFC Bank chief:No significant rise in rates near term
[ID:nMBI006584]
 > India likely to increase key rates further - HSBC     
[ID:nSGE63J0FV]
 > India may hike key rates further 75 bps in 2010 - Citi
[ID:nSGE63J0H4]
 > INSTANT VIEW                                          
[ID:nSGE63I0A7]
 > FUND VIEW                                          
[ID:nSGE63J0A7]
 > INDUSTRY VIEW                                         
[ID:nSGE63J08H]
 > BANKERS' VIEW                                         
[ID:nSGE63J0BT]
 > HIGHLIGHTS - India cbank lifts rates by 25 bps        
[ID:nSGE63J09O]
 > HIGHLIGHTS-Cbank's proposals for financial markets    
[ID:nSGE63J0DA]
 INSIDER INTERVIEW
 > For an interview with Keki Mistry, CEO of HDFC, India's
leading home loan provider click:
here
 033&start=0&end=256&shareToken=Mzo5MjAzMw%3D%3D   
 EARLIER STORIES
 > India cbank puts inflation in focus ahead of review   
[ID:nSGE63I0IU]
 > Indian bond yields tread water ahead of cbank policy  
[ID:nSGE63I0HI]
 > India bonds relief rally seen barring cbank surprise  
[ID:nSGE63I08N]
 > India bills, swaps set for half a point rate rise     
[ID:nSGE63I07R]
 > India cbank may up rates by 50 bps on Tues - DBS      
[ID:nSGE63I09U]
 > India govt favours minimal rate hike as officials meet
[ID:nSGE63F0C2]
 > SCENARIOS-India cbank seen hiking rates, CRR next week
[ID:nSGE63E09C]
 > India cbank may up rates gradually - Stanchart        
[ID:nSGE63F0B7]
 > India inflation nears 10 pct; monsoon seen normal     
[ID:nSGE63F024]
 TIMELINES/FACTBOXES
 > Changes to India's repo rate since June 2000          
[ID:nSGE63J0CU]
 > Changes to India's reverse repo rate                  
[ID:nSGE63J0D5]
 > Changes to Indian banks' cash reserve ratio           
[ID:nSGE63J0CP]
 > Changes to India's SLR for banks since 1949           
[ID:nSGE63J0CM]
 INDIA MARKETS
 > Bonds
  [IN/]
 > Rupee
 [INR/]
 > Stocks
  [.BO]
 > Call money
 [INC/]
 > Swaps                                                      
[IN-SWAPS]
 > Indian economic data live                                  
  ECONIN
 TOP NEWS SUMMARIES ON OTHER SUBJECTS
 Global Economy    [TOP/MACRO]      European Companies
[TOP/EQE]
 Asian Companies     [TOP/EQA]      U.S. Companies   
[TOP/EQU]
 Fixed Income        [TOP/DBT]      Forex            
[TOP/FRX]
 Fund Management    [TOP/FUND]      Politics & General 
[TOP/G]
 Corporate Finance [TOP/DEALS]      FX News           
FXNEWS
 Banking/Financial   [TOP/FIN]
 ---------------------------------------------------------------
 ----------- Access to some items may depend on subscription
level.
 (Compiled by Swati Bhat and Neha D'silva in MUMBAI; Editing by
Surojit Gupta)



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