9911796707
TMI BlogIncrease in Interest RatesX X X X Extracts X X X X X X X X Extracts X X X X ..... Increase in Interest Rates X X X X Extracts X X X X X X X X Extracts X X X X ..... ustrial Production (IIP) released by the CSO, the industrial growth has moderated to 5.0 percent in 2011-12 (April-September) as compared to 8.8 percent in corresponding period of the previous year. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he moderation in the industrial production can be partly attributed to increase in the interest rate. The Reserve Bank of India (RBI) has been increasing policy rate as a part of monetary policy stan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce since March 2010 to contain inflation and inflationary expectations. In the forward guidance of the Second Quarter Review of Monetary Policy 2011-12, RBI has reported that notwithstanding current r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ates of inflation persisting till November, the likelihood of a rate action in the December mid-quarter review is relatively low. Beyond that, if the inflation trajectory conforms to projections, furt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... her rate hikes may not be warranted.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today.
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