InfoAnda - India hikes interest rates by 25 basis points

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Greece's Papandreou Warns Debt Crisis Could Impact U.S. | 9 March 2010
Anger in Britain as radical cleric wins payout | 20 February 2009
'Alive' plane crash survivors call for organ donors | 20 August 2009

SKorea's Lee renews aid offer to NKorea | 15 August 2009

Forum Views () Forum Replies ()

Read more with google mobile : India hikes interest rates by 25 basis points

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World India hikes interest rates by 25 basis points AFP - Saturday, July 3 Send IM Story Print India hikes interest rates by 25 basis points Slideshow: Full Photo Coverage: Business & Economy MUMBAI, India (AFP) - – India's central bank on Friday hiked two key short-term interest rates by 25 basis points in a bid to tame double-digit inflation. The Reserve Bank of India (RBI) said in a statement on its website that the decision was taken before its scheduled July 27 meeting "to contain inflation and anchor inflationary expectations going forward". Governor D. Subbarao said the repo -- the lending rate to commercial banks -- has risen to to 5.50 percent with immediate effect while the reverse repo -- the rate the central bank pays to banks for deposits -- is now 4.0 percent. The increase, the third this year, had been expected by many economists, as India grapples with rising food prices, which have been spreading to other parts of the economy. Finance minister Pranab Mukherjee told reporters on a visit to Mumbai earlier this week that he expected inflationary pressures to ease in the coming months. But he said the central bank would consider "all aspects" in determining monetary policy. The government in New Delhi has been under fire from opposition parties for deregulating petrol prices, leading to fears of a rise in the cost of living. India's annual inflation surged into double figures to 10.16 percent in May, led by rising food costs and rising industrial growth. Deregulating petrol prices is part of efforts by the left-leaning Congress-led government to reduce a gaping budget deficit by reducing the massive subsidies it pays to state-run fuel companies. Subbarao said in his statement Friday: "The developments on the inflation front raise several concerns... Food price inflation and consumer price inflation remain at elevated levels." Economist D.H. Pai Panandiker, who heads the independent RPG Goenka Foundation in New Delhi, a private economic think-tank, said he did not believe the hikes would do much to curb inflation. India's inflation is "almost all driven by food inflation which interest rates really can't touch", Panandiker told AFP. Recommend Send IM Story Print Related Articles US STOCKS-Wall St falls on jobs data, worst week in 2 months Reuters - 20 minutes ago Ecuador, China in new $1 bln oil for credit deal Reuters - 23 minutes ago FOREX-Dollar falls vs euro as U.S jobs data weighs Reuters - 35 minutes ago CORRECTED - CORRECTED-BRIEF-Lexus says to recall certain U.S. market vehicle Reuters - 45 minutes ago US lawmakers urge probe of Chinese steel investment Reuters - 45 minutes ago News Search Top Stories World's biggest cake melting in Paris heatwave Falling unemployment fails to quell US recovery fears Russian cargo ship fails to dock with ISS Petraeus arrives in Afghanistan as Taliban attack kills five 3 Russian spy suspects due in US court More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Who's right - the dolphin or the octopus? From boy to man: Cuba's Elian gives thanks 10 years later Lady Gaga leads race to get 10 million on Facebook Falling unemployment fails to quell US recovery fears Naomi Campbell to testify at war crimes court More Most Viewed » Amputee cat gets bionic legs Aussie men shoot each other in buttocks 'to see if it hurts' Fans gather for Michael Jackson death anniversary Disgraced millionaire lobbyist takes pizza job More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Saturday, 3 July 2010
Petraeus arrives in Afghanistan as Taliban attack kills five
Betancourt returns to Colombia two years after release
The Times starts charging for online content
Kurd conflict comes back to haunt Turkey before polls
China hits out at EU modem probe
French civil servant rapped over tell-all book
Falling unemployment fails to quell US recovery fears
U.N. peacekeepers face tensions in southern Lebanon |
Obama To Grant $795 Million For Rural Broadband Internet
Apple to issue patch for iPhone 4 antenna woes
Petraeus arrives in Afghanistan as Taliban attack kills five
New German president sworn in after vote drama
USAID compound attacked in Afghanistan; 4 killed
Feds Shut Down Websites Pirating Movies
"Eclipse" Stars To Surprise Fans In Select Theaters
Obama announces broadband grants to spur jobs
Apple's PR Says Jobs "Relax" Email Is A Fake
Nokia aims to be the best with Symbian, MeeGo-Vanjoki
Mexico arrests man for killing U.S. consulate staffer |
U.S. Presidential Survey Has FDR On Top, Bush Among Worst
Bank of China to raise $8.9 bln in rights issue
U.N. creates new body on women, gender equality |
Gunmen kill senior Iraqi Sunni cleric |
Florida Officials Say 35 Dead Seabirds On Atlantic Coast Not From BP Spill
Consumer Bankruptcies Up 14 Percent In First Half Of 2010
U.S. Expresses Shock Over Bombing Of Pakistani Shrine
Nokia aims to be the best with Symbian, MeeGo-Vanjoki
U.S. Unemployment Rate Improves In June
U.S. Offers To Sell Top Weapons Systems To India
No change in Afghanistan strategy: NATO chief
One year on, Amnesty urges inquiry into Urumqi violence
Evans confident as Tour redemption bid begins
25 hurt in fresh protests in curfew-hit Indian Kashmir
Sulzberger relishing Tour de France debut
Rogers hopes fine balance comes good on Tour
Okinawa city to sue Japan over US base issue
Nine killed in two days of attacks in Thai south: police
S.Korean PM likely to offer resignation: report
India hikes interest rates by 25 basis points
Bank of China to raise $8.9 billion
Casket Of First Michigan Governor Lost And Found
California Assembly Approves $20 Million Settlement For Kidnap Victim And Daughters
Yale finds Velazquez masterpiece in storage
Dutch celebrate World Cup win over Brazil
Poll shows polarisation in Serbian attitudes towards gays
French photo festival puts Jagger in spotlight
Romantic movies? Not Helen Mirren's cup of tea |
Iron Maiden explores "Final Frontier" on new album
Phil Collins brings Motown "heatwave" to Montreux
New Afghan war commander appeals for united battle
Two Russian spies reveal true identity
US-TECH Summary
Gen. Petraeus calls for unity in Afghanistan war
Israel's Netanyahu says wants better ties with Turkey
Tibetan environmentalist jailed for 5 years |
World's biggest cake melting in Paris heatwave
Oil spill claims arriving faster than BP can pay them
Republicans Blame Obama for Stalled Immigration Reform
Jonas Brothers And Demi Lovato Add New Tour Dates, Cancel Others
S.Africa judge drops drugs charge against Paris Hilton
Lilith Fair Cancels Ten Tour Dates
S.African judge drops drugs charges against Paris Hilton
BP Oil Containment Effort Suffers Setbacks
US judge orders Russia spy suspects stay detained
Paris Hilton arrested after Brazil World Cup match: reports
U.S. Markets Continue Decline On Jobs, Factory Data
Russian cargo ship fails to dock with ISS
Colombian rebels planting landmines in Panama: government |
Moynihan, as Nixon aide, warned of global warming
Suspect in killing of 2 Fla. officers surrenders
New Australia PM says boatpeople next priority
Lawyer: NY spy suspect's dad told her to see cops
Top Indian Maoist leader killed: police
Hillary Clinton tells Ukraine door to NATO open
India cricket chiefs to decide fate of suspended IPL boss
Maldives extends MPs' house arrest as crisis drags
Tibetan environmentalist jailed for 5 years
Protests as 'The Cove' hits Japanese cinemas
Third spy arrested over assassination attempt in SKorea
Children of accused spies confront identity crisis
Paris Hilton questioned by police after Cup match
China transparency urged year after Xinjiang bloodshed
Japan donates 10 million dollars for Galapagos solar energy
Kyrgyzstan swears in caretaker president
India opens ultra-modern airport terminal
US-ENTERTAINMENT Summary
Protests, police at Japan opening of "The Cove"
Newspapers look for ways to profit in Internet age
Paris Hilton questioned by police after Cup match
Judge drops charges in Calif. paparazzo attack
Minogue aims to spread the love with "Aphrodite"
Lady Gaga heads for 10 million Facebook fan record
Health issues don't slow down Bret Michaels
Billboard CD reviews: Christina Aguilera, Korn, Jewel
Defeat ruins carnival for Israel's Brazilian Kibbutz
Romantic movies? Not Helen Mirren's cup of tea
Paris Hilton questioned by police after Cup match |
Lady Gaga heads for 10 million Facebook fan record |
Protests, police at Japan opening of The Cove |
Health issues don't slow down Bret Michaels |
Judge drops charges in Calif. paparazzo attack |
Minogue aims to spread the love with Aphrodite |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01