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TAKE A LOOK-India central bank seen keeping rates on hold Thu
March 14, 2012 / 12:42 PM / 6 years ago

TAKE A LOOK-India central bank seen keeping rates on hold Thu

MUMBAI, March 14 (Reuters) - The Reserve Bank of India is widely expected to hold the
repo rate steady at 8.50 percent at its policy review on Thursday as the recent
rise in global oil prices raised concerns over re-emergence of inflationary pressures in an
economy which imports bulk of its crude oil requirements.	
    The higher February headline inflation number also led to one section of analysts to cement
their view of no cut in policy rates. The wholesale price index, India's main gauge
of inflation, edged up a faster-than-expected 6.95 percent from a year earlier in February after
a spike in vegetable prices fanned food inflation.	
    The RBI is not expected to cut the cash reserve ratio as well, after it reduced
the CRR by 75 basis points in a surprise and out-of-policy move on Friday.	
    The policy decision is due at 11 a.m. (0530 GMT). The federal government will be unveiled on
    To see stories related to the RBI policy review, double click in the brackets.	
 > India's central bank stuck in damage control mode              	
 > India's inflation picks up, muddling rate cut picture          	
 > Politics, oil price hold India budget to baby steps            	
 > POLL-India seen borrowing $106 bln via bonds in 2012/13        	
 > POLL-RBI to keep rate steady ahead of annual budget            	
 > India industrial output strongest in 7 months, car sales surge 	
 > India cuts cash reserve ratio, lifting rate cut hopes          	
 > Preconditions need to be met before SLR cut - RBI chief        	
 > RBI deputy Gokarn says remains focused on growth               	
 > RBI deputy says any steps to ease liquidity won't destabilise  	
 > RBI deputy says 7-8 pct growth suggests capacity in surplus    {ID:nI8E8DA01P]	
 > Changes to India's cash reserve ratio since 1992               	
 > Changes to India's reverse repo rate since 2001                	
 > Changes to India's repo rate since June 2000                   	
 > Changes to India's SLR for banks since 1949                    	
 (Compiled by Aditya Phatak; Editing by Subhadip Sircar)

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