Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent.
Secondly, the price of the Indian basket of crude oil has increased sharply, by $13 a barrel, since the last resolution. Five of the six panel members voted to leave the rate unchanged.
"Indian rupee plunged to a fresh record low of 73.77 against the stronger US dollar during the early morning trade", a market analyst said. Of 15 economists surveyed by Mint, 14 expected the RBI to raise the repo rate, the rate at which it lends to commercial banks, to 6.75%.
The Spurs player Lionel Messi gave his shirt to after Barcelona win
He did offer some useful support for Messi in attack but a goal from him would have made the job easier in London. As it was, Tottenham's manager was left with nothing but superlatives to his fellow countryman.
"For bond markets, a 25 bps hike accompanied by a hawkish stance could trigger the 10-year bond yield to rise to 8.25 per cent", Rao told Reuters after yields surged on Thursday.
The Reserve Bank of India (RBI) is expected to raise rates for a third time since June on Friday to combat inflationary pressures as it grapples with a weakening rupee, surging oil prices and market instability sparked by a major non-bank finance firm's defaults.
"The biggest policy anchor for rupee is high real rates".
Fan Bingbing Releases Apology Statement, Breaks Silence on Tax Evasion Case
Following the investigation into Fan , authorities have declared a wider crackdown on the entertainment industry, Xinhua said. Radar readers know the X-Men: Days of Future Past star has not been spotted since June, when her tax scandal was exposed.
Repo rate is the rate at which the RBI lends money to banks and is an important tool for RBI to control inflation.
In its policy statement on Friday, the RBI said headwinds in the form of escalating trade tensions, volatile and rising oil prices, and tightening financial conditions globally posed substantial risks to the growth and inflation outlook.
Gandhi Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee.
Manchester United struggle to fill Old Trafford as Jose Mourinho concern grows
Pushed further on the squad's attitude, Mourinho added: "I think that some care more than others", while refusing to name names. Valencia have lost each of their last four Champions League games, their worst ever streak in the competition.
The RBI reiterated its target of keeping consumer inflation at 4.00 percent in the medium term on a "durable basis", and projected a rate of 4.8 percent by June 2019, slightly better than the 5.0 percent forecast it gave in August.