26, Central Bank of India announced its quarterly monetary policy report, announced a substantial increase in key interest rates by 50 basis points in response to the inflation situation is still grim. The interest rate increases than previous market expectations of 25 basis points to the central bank said inflation will continue to be macro- The main concern of economic analysts expect India's central bank is expected to raise interest rates this week after over a temporary stop.
This is India's central bank since March 2010 raised interest rates 11 times since the first Interest rate adjustment, the Indian commercial banks lending to the central bank's repo rate is raised to 7.5 percent from 8 percent, the central bank from commercial banks, the reverse recovery of mobility repo rate will be raised to 7%.
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