RBI unlikely to lower interest rates
By Vaibhav Aggarwal
Jan 19, 2012
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Experts have been speculating about lowering of interest rates in the upcoming monetary policy review. A poll from Reuters has showed that RBI is unlikely to cut rates in this review. However, all the 22 economists expect such an occurrence by the end of June.

About the Cash Reserve Ratio (CRR), 7 out of 20 were in favor that it can be lowered in range of 25-50 basis points. At present it stands at 6.00%.

Recently, there has been a fall in the inflation rate. In the last monetary review of monetary policy the rates were kept unchanged. It was after 13 consecutive hikes in the policy rates that the rates were kept unchanged.

Senior Economist at Dun & Bradstreet, Mr. Arun Singh said, "The inflationary potential in the economy remains huge. So the Reserve Bank of India is unlikely to risk an interest rate cut or cash reserve ratio on January 24."

Chief Economist at HDFC Bank, Mr. Abheek Barua said, "A 50 basis point in CRR will not dilute the anti-inflationary stance. And the RBI could look at supplementing the CRR cut with more OMOs."


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