RBI governor explains status quo
Status quo on rates seen as temporary comfort, with inflation data ensuring a rate rise in Jan
Sensex snaps losing streak; some experts fear RBI might soon have to do a catch-up job
Rajan's move to hold rates signals a reactive approach, which could fuel inflationary expectations, hurt rupee
Currently RBI is not buying dollars from market : RBI Governor
Rate of interest for the product's inaugural run will be 1.5% above the annual average of the CPI
RBI through FCNR-B and banks' forex swap window mopped up a whopping $34 billion during the 3-month period ending Nov 30
RBI today surprised the markets by leaving key policy rates unchanged
Says RBI Governor is expressing confidence that price inflation will come under control
Central Bank has demonstrated restraint and foresight to strike the right balance between inflation and growth: CII
Experts say policy based on assumption that inflation will moderate
Warns RBI will act in off-policy dates if inflation does not fall
Dealers say Fed decision will decide the course for rupee
If the headline inflation continues its upward trend, then a rate hike in January is inevitable.
RBI Governor Rajan delivered two repo rate hikes of 0.25% each in as many policy reviews since he took over in September
Expected if RBI raises MSF rate today, to keep spread with repo rise; however, these still expected not to breach 9%
The rupee also declined on renewed dollar demand from importers and banks amid bearish local equities