The focus of
"The near-term policy challenges are clearly conditioned by the evolving growth-inflation outcome that supports shifting the balance of policy focus on managing the recovery and on containment of inflation," Shyamala Gopinath said in a speech delivered in
The Reserve Bank released her speech on Tuesday. The comments, which reinforced market expectations of monetary tightening in January, pushed the 10-year benchmark bond yield up 3 basis points to 7.67 percent. It had closed at 7.68 percent on Thursday. Financial markets were closed on Friday and Monday for holidays.
"Surely they will tighten policy, but the question is whether they will due it before the January policy or at policy," said Piyush Wadhwa, senior vice president at ICICI Securities Primary Dealership.
The next scheduled policy review is on Jan. 29, but the central bank can change policy at any time.
Gopinath's comments follow those from fellow Deputy Governor Subir Gokarn on Thursday, who said the January policy review would focus both on growth and inflation, instead of the previous policy focus on growth.
Most economists polled by Reuters early this month expected the Reserve Bank to raise banks' cash reserve ratio or the proportion of deposits that banks' must set aside with it as cash by the end of January.
Tuesday, December 29, 2009
RBI says focus on managing inflation, growth
Industry Research Reports
LIC Term Insurance or Pvt Life Insurance Term Plan ? Which is the best term insurance in India ? Which Insurance company has the best cla...
આજકાલ કોઈપણ સમસ્યા હોય લોકો એન્ટિબાયોટિક્સ અંગ્રેજી દવાઓ લેવાનું વધુ પસંદ કરતાં હોય છે કારણ કે આજની પેઢીને આપણા જુનવાણી નુસખા વિશે જાણ હોત...
http://www.livemint.com/2007/12/13162756/SBI-UTI-MFs-to-manage-post-of.html New Delhi: Government has appointed PSU mutual funds UTI MF a...
સુરતી લોચો બનાવવાની રીત Surati Locho - સુરતી લોચો લોચો એ ગુજરાતની સૌથી સ્વાદિષ્ટ ચટપટી ખાવાની ચીજો પૈકીની એક ચીજ છે. લોચો બનાવવાની ...
i-Develop Multibagger Stock Performance last year Enter Date Exit Date Bse Code Scri...
NTPC and RIL are fighting a case in the Bombay High Court over gas pricing for the former's Kawas and Gandar power plants....
Global private equity giant The Blackstone Group has announced that it has bought a majority stake in CMS Computers Ltd. Black...
નવાઝ શરીફ સાથે મુલાકાત બપોરે પાકિસ્તાનના વડાપ્રધાન નવાઝ શરીફ અને નરેન્દ્ર મોદી વચ્ચે વાતચીત થઈ ગઈ હતી. બંને નેતાએ લગભગ 26 સેકન્ડ સુધી ...