1/29/2014 CPI inflation to rule above RBI's comfort levels, rate cut may not be imminent - The Economic Times http://economictimes.indiatimes.com/news/economy/policy/cpi-inflation-to-rule-above-rbis-comfort-levels-rate-cut-may-not-be-imminent/articleshow/29515901.cms 1/5 Follow 1.8m Like | Log In | Join | Top News News By Industry News By Company Economy Politics and Nation International Emerging Businesses NRI PSU Press Releases Other Press Releases Sports Indicators Policy Finance Foreign Trade Infrastructure Agriculture Go the Distance Market Watch 11:40 AM | 29 Jan SENSEX 20,761.92 78.41 NIFTY 6,153.00 26.75 Gold (MCX) (Rs/10g.) 29,401.0 -120.0 USD/INR 62.18 -0.35 Login to Track your Investment VIEW MARKET DASHBOARD You are here: ET Home › New s › Economy › Policy Policy Search for News, Stock Quotes & NAV's null By ET Bureau | 29 Jan, 2014, 04.00AM IST 0 comments | Post a Comment Ads by Google Resort NA Plots @6L Only dishadirect.in/WaterfrontWadaDeals - Waterfront, Premium Resort NA Plots Book Now at 6L only for "High ROI". 1028.95 BSE 9.80(0.96%) Vol: 119428 shares traded 1028.60 NSE 9.95(0.98%) Vol: 718917 shares traded ICICI Bank Ltd. Prices | Financials | Company Info | Reports CPI inflation to rule above RBI's comfort levels, rate cut may not be imminent READ MORE ON » WPI inflation | Wholesale price index | Urjit Patel committee | Repo rate | RBI | Raghuram Rajan | monetary policy KOLKATA: An interest rate cut does not appear imminent since monetary policy is likely to be driven by consumer price inflation or CPI data, which is expected to stay way above the Reserve Bank of India's comfort level. CPI inflation will be 8.9% in the second quarter of 2014-15 and average 8.5% for the entire fiscal, according to a survey of experts, putting paid to hopes of a rate cut. The banking regulator has said it wants to bring down inflation to a low and stable level before allowing monetary policy to contribute to the revival of consumption and investment in a sustainable manner. "You should really watch the trends in inflation and deposits, which really impact the cost of funds. You cannot say something very quickly (on possible rate cut)," ICICI BSE 0.96 % Bank's managing director and chief executive Chanda Kochhar said. The RBI has raised repo rate by 25 basis points to 8%, although CPI inflation eased to a three- month low of 9.87% in December. Indiatimes | The Times of India | The Economic Times | More Home Markets IPO Personal Finance Mutual Funds Tech Jobs Features Blogs Slideshows ET NOW ET Speed Opinion New News
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CPI inflation to rule above RBI's comfort levels, rate cut ... inflation to … · 1/29/2014 CPI inflation to rule above RBI's comfort levels, rate cut may not be imminent - The Economic
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1/29/2014 CPI inflation to rule above RBI's comfort levels, rate cut may not be imminent - The Economic Times