Three analysts see no RBI rate cut on Tuesday

Mon Jan 28, 2013 12:24pm IST

The Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai July 26, 2011. REUTERS/Danish Siddiqui/Files

The Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai July 26, 2011.

Credit: Reuters/Danish Siddiqui/Files

Related Topics

Stocks

   

Reuters Market Eye - Just three analysts expect the RBI to hold interest rates steady at its policy review on Tuesday, going against the overwhelming consensus for a 25 bps cut reflected in a poll in mid-January.

IndusInd Bank (INBK.NS), Dun and Bradstreet and Commonwealth Bank of Australia(CBA.AX) are the standouts from the poll.

If these three financial firms are right, traders expect a huge sell-off in bonds, equities and the rupee.

RBI Governor Duvvuri Subbarao earlier this month sparked much debate in markets after calling inflation "still quite high", though he has also noted inflation has eased.

(Reporting by Swati Bhat)

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Nifty Above 8,600

Nifty Above 8,600

Nifty hits record high above 8,600; state-run lenders gain  Full Article 

Indian in Iraq

Indian in Iraq

India says no contact with 39 men held by Islamic State in Iraq.  Full Article 

Sahara Issue

Sahara Issue

Sahara looks to raise $650 million loan to fund bail.  Full Article 

Bhopal Tragedy

Bhopal Tragedy

Bhopal's toxic legacy lives on, 30 years after industrial disaster.  Full Article 

Essar Group

Essar Group

Exclusive - Essar's planned oil-for-steel deal tests Iran sanctions  Full Article 

Islamic Fund

Islamic Fund

India gets new Islamic equity fund but debt market still off-limits  Full Article 

Fiscal Deficit

Fiscal Deficit

April-October fiscal deficit nears 90 pct of full-year target  Full Article 

Oil Prices

Oil Prices

Oil hits new four-year low post OPEC as glut looms  Full Article 

Gold Imports

Gold Imports

India eases gold import rule in surprise move.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage