No Result
View All Result
  • Login
Sunday, July 3, 2022
Afternoon Voice
SUBSCRIBE
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
Afternoon Voice
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Epaper
  • More

Home > Uncategorized > RBI may keep rates steady in Jan 28 review: SBI research

RBI may keep rates steady in Jan 28 review: SBI research

afternoonvoice@gmail.com' by Afternoon Voice
January 16, 2014
in Uncategorized
A A
0

RBI-bankThe Reserve Bank of India may keep interest rates “steady” in its monetary policy review later this month and a rate cut is likely only in the next financial year, according to an SBI research report.

With inflation easing, industry has clamoured for a reduction in interest rates. However, according to SBI, the central bank may keep rates on hold at its quarterly monetary policy scheduled on January 28.

Wholesale inflation declined to a five-month low of 6.16 percent in December as food article prices cooled, according to data released yesterday. Retail inflation eased to a three-month low of 9.87 percent.

“RBI may keep rates steady in January 2014 review and wait for more information, particularly on trajectory of food inflation, before deciding next course of policy action because core inflation has remained more or less flat in December 2013,” the report said.

Prices as measured by the Wholesale Price Index, gained at the slowest pace since July 2013, when inflation was 5.8 percent. In November, WPI increased 7.52 percent, the fastest pace in 14 months.

SBI said WPI inflation may settle at about 6 percent and Consumer Price Index inflation at about 9 percent by February.

CPI inflation of less than 9 percent is a possibility if WPI inflation contracts at a faster pace and as the election season gets closer.

“An overall assessment therefore suggests that a rate cut is likely only in the next financial year,” SBI said.

Meanwhile, industry chambers have pitched for lower interest rates to prop up growth. Industrial output in November contracted 2.1 per cent, the worst performance in six months.

afternoonvoice@gmail.com'

Afternoon Voice

Recommended For You

michael martin, irish pm, irish prime minister, martin
Uncategorized

Irish PM Martin urges Britain to resume talks with EU over its N.Ireland law

June 19, 2022
RESERVE-WILDLIFE-NATURE-RHINOCEROS
Nation

ESZ of one km from the demarcated boundary is must for National Parks and Wildlife Sanctuaries, directs Supreme Court

June 3, 2022
p chidambaram, chidambaram, congress, Jawaharlal Nehru, Narendra Modi
Uncategorized

Attempt to distort history, Nehru intervened in Goa at right time: Chidambaram on PM’s criticism

February 11, 2022
ks sethumadhavan, director, south indian, filmmaker, sethumadhavan
Uncategorized

Legendary South Indian director K S Sethumadhavan passes away

February 9, 2022
japanese, japan pm, shinzo abe, shinzo
Uncategorized

Ex-Japan PM says a Chinese military “adventure” could be “suicidal”

February 9, 2022
tayyip erdogan, erdogan, Alevi, Alevi community, AK Party
Uncategorized

Tayyip Erdogan faces uphill bid to woo Turkey’s large Alevi minority

February 9, 2022
ADVERTISEMENT

LATEST

Aarey Colony, Biodiversity, Protest.

The opposition to the project was to save the metropolis’ biodiversity : Aaditya Thackeray 

July 3, 2022
Army Medical camp, Dal Lake, Medical camp, Jammu and Kashmir

Dal Lake: free medical camp organised by India army

July 3, 2022
rahul narvekar, speaker, maharashtra assembly, narvekar, shiv sena, eknath shinde, fadnavis, bjp, devendra fadnavis

Maharashtra state assembly elects Rahul as the new speaker with 164 votes

July 3, 2022
Maha Assembly, Eknath Shinde, devendra fadnavis

The Maha Assembly’s speaker election is begin to elect

July 3, 2022
pv sindhu, sindhu, tennis, badmington, sports, Tai Tzu Ying, Prannoy

Sindhu loses to nemesis Tai Tzu Ying, Prannoy also exits from Malaysia Open

July 1, 2022
ADVERTISEMENT
Afternoon Voice

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Important Links

  • Disclaimer
  • Privacy Policy
  • About Us
  • Contact Us
  • Support Parallel Media

Follow Us

No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?