70% expect RBI to hike repo and reverse repo rates by 25 basis points each

70% expect RBI to hike repo and reverse repo rates by 25 basis points each

Thursday, Sep 15, 2011 CREDIT POLICY POLL: LAST HIKE OF 25 BPS IN 2011   According to a CNBC-TV18 poll of bankers and economists, 70% expect RBI to hike repo and reverse repo rates by 25 basis points each. 20% people are expecting the RBI to pause in tomorrow's credit policy , while 10% are expecting a double dose action of 50 basis points hike. The outlook on inflation is quite disturbing and 40% of those polled believe that inflation will remain above the 8% mark for the rest of the fiscal year. However, an overwhelming majority feel that this current hike will be the last one for 2011. read more   LEAD STORIES TECHS, BANKS LIFTS MKTS; SENSEX UP 166 PTS   Sensex closed at 16,876.54 on hopes that the RBI may hike key rates for the last time tomorrow. Nifty ended at 5,075.70 up 63.15 points. read more PETROL PRICES HIKED BY RS 3.14/LT W.E.F MIDNIGHT   Weakening of the rupee against dollar prompted oil companies to hike petrol prices by Rs 3.14/litre. This is the second big hike in four months. read more GOVT OKAYS 12TH PLAN APPROACH PAPER; GROWTH TO BE 9%   The Government approved Approach Paper for the 12th Plan (2012-17) says that the annual economic growth rate will be 9%, up from the estimated 8.2%. read more TOP STORIES • Overseas borrowing limits raised, yuan debt allowed   • Q2 advance tax nos indicate good performance   • Maruti to shut 2 plants on Fri as strike turns violent   • Food inflation eases to 9.47% vs 9.55%   • Manufacturing Policy deferred; differences arise   • New Duty Drawback Scheme approaved by FM   • CBI rejects TRAI, law min reports; says it's unsolicited   • Make Chidambaram a co-accused in 2G: Swamy   • RComm to sack 700 execs in rejig   • Jyoti Structures buys 50% stake in U.S.-based Lauren   • How Marico made market history today   • Sonia back in action; attends Congress CEC meet   • Amar Singh granted interim bail till Sept 19   • J&K CM Omar Abdullah ends his 17-year marriage   • China claims S.China Sea, warns agnst exploration   • UBS $2 bn rogue trade suspect held in London   • Motorola's Sanjay Jha to get $66 mn in Google deal   • Enjoy a private-jet world tour for $68,000   • World Bank chief says world economy in danger zone   • Does the euro have a future? George Soros   more stories TOP VIDEOS I Don't See Emerging Markets Including India And China Outperforming Any Time Soon: Arjuna Mahendran, Head Investment Strategy-Asia, HSBC Private Bank   We Cannot Use Monetary Policy To Correct Imported Inflation: Venu Srinivasan, Chairman & MD, TVS Motors   I am Quite Shocked That Companies Like L&T, ABG & Bharati Wrote Things Against Us: Nikhil Gandhi, Chairman, Pipavav Defence & Offshore Engineering   AT A GLANCE BSE 16876.54 +166.94 NSE 5075.7 +63.15 TURNOVER Rs. 150,919 cr BSE CASH Rs. 2,487 cr NSE CASH Rs. 10,626 cr NSE F&O Rs. 137,805 cr BULLION GOLD 27540 -614 SILVER 63900 -885 CRUDE NYMEX 89.81 +0.9 BRENT 115.15 +2.75 FOREX $ / Re 47.555 -0.09 £ / Re 75.273 +0.18 € / Re 65.81 +0.35 EVENTS 16 September RBI's Mid-Quarter Policy Review EGoM Meet On LPG Headed By Finance Minister Pranab Mukherjee National Conference On Graduating From CFO To CEO, "Finance-led Turnaround", The Park, New Delhi 17 September Finance Minister To Review Performance Of Zone Wise State-Owned Banks 19 September Government To Consider DLF's Plan To Sell Pune SEZ Court To Hear The Bail Of Bellary Reddy's On Charges Of Illegal Mining EXPERT VIEWS "Inflation in certain commodities like onion and potato are still a concern... The steps that we have taken will have some moderating influence but it is taking time and it will continue... for some time." Pranab Mukherjee Finance Minister "The grim economic situation in Europe is the biggest concern, we are looking at diversifying actively into fast-growing markets such as China. Right now, of course, the economic situation is the biggest concern because it's something that's outside our control, but will have an impact on the global economy and hence our industry." Kris Gopalakrishnan Executive Co-Chairman, Infosys "Unless Europe, Japan, and the United States can also face up to responsibilities they will drag down not only themselves, but the global economy. They have procrastinated for too long on taking the difficult decisions, narrowing what choices are now left to a painful few." Robert Zoellick President, World Bank WATCH OUT   What's Hot   In times where you are bombarded by news all day, accessing credible in-depth analysis of the most important news could turn into a daunting task. CNBC-TV18 brings you What's Hot, a show that analyses 3 stories that made the biggest impact during the day. Join Shereen Bhan as she discusses the days top 3 stories to give you views and analysis that keeps you ahead. SHOW TIMINGS Weekdays 8 pm