RBI Unlikely To Cut Key Rates; Rupee Hits 10-Week High At 50.09/$; RBI Warns Of Persistent Inflation, Weak Growth

Monday, Jan 23, 2012 RBI UNLIKELY TO CUT REPO RATE: CNBC-TV18 POLL   Ahead of the Reserve Bank of India announcing its credit policy review on Tuesday, a CNBC-TV18 poll shows that 95% of the respondents expect Repo Rate to remain unchanged, while 50% expects the Central Bank to leave Cash Reserve Ratio unchanged at 6%. read more   RBI WARNS ON PERSISTENT INFLATION RISKS   The Reserve Bank of India said the growth outlook and business climate have weakened but also warned of upward risks to inflation, a day before it is widely expected to keep policy interest rates on hold. read more   LEAD STORIES SENSEX ENDS FLAT AHEAD OF RBI MEET, UP 13 PTS   Markets ended flat ahead of RBI Credit policy. Sensex closed 16,751.73 points. Nifty ended 5,046.25 down 2.35 points. read more RUPEE HITS 10-WEEK HIGH, GAINS 23 PAISE AT 50.09/$   The rupee rose on Monday to hit its highest level in 10 weeks aided by dollar flows. The rupee ended 50.09/10 to the dollar. read more TOP STORIES • Nation must guard against mood of negativism: PM   • Shoe hurled at Rahul Gandhi in Dehradun, 1 held   • Will pay VAT on sale of gas in UP: RIL to SC   • Maruti Q3 net profit down 63.72% at Rs 205 cr   • L&T Q3 net up 18% at Rs 991 cr, beats estimates   • Ikea shelves Indian retail market move   • SEBI may tighten MTM rule for liquid funds   • Jhunjhunwala sells 2% in Praj Industries; stock flat   • Jet Lite, Jet Konnect to merge by May   • Now, exporters want Vodafone tax 'treat'   • SFIO to have power to arrest under new Cos Bill   • Gold hits 6-week high as euro gains   • Silver snaps six-day rally, down by Rs 3,300   • One more mysterious death in NRHM scam   • Reports of tussle with UIDAI not true: PC   • 13/7 Mumbai blast case solved, 2 arrested: Maha ATS   • Govt asks refiners to cut Iran oil imports, no waiver   • Twitter is much more than social network: Co-founder   • Google Plus user base crosses 90 mn mark   • Top level changes at RIM; Lazaridis quits as co-CEO   more stories TOP VIDEOS Jet Air To Sale-and-leaseback Of 10 Aircraft By March: M Shivkumar, Senior Vice-President (Finance), Jet Airways   Core Inflation Has Peaked, Expect RBI To Commit To OMOs: Indranil Sengupta, Chief Economist-India, Bank Of America-Merrill Lynch   Concerned About Banks' Exposure To Stressed Sectors: Ananda Bhoumik, Senior Director, Fitch   AT A GLANCE BSE 16751.73 +12.72 NSE 5046.25 -2.35 TURNOVER Rs. 124,046 cr BSE CASH Rs. 2,125 cr NSE CASH Rs. 10,124 cr NSE F&O Rs. 111,796 cr BULLION GOLD 27421 -69 SILVER 55357 -191 CRUDE NYMEX 98.89 +0.56 BRENT 110.75 +0.89 FOREX $ / Re 50.09 -0.23 £ / Re 77.734 -0.35 € / Re 65.052 +0.43 EVENTS TO WATCH 24 January RBI Credit Policy Telecom Minister Kapil Sibal To Meet CEOs Of Telecom Companies 27 -28 January National Summit on Recent Trends in Compensation And Rewards, Organized By AIMA 25-29 January World Economic Forum Annual Meeting 2012, Davos, Switzerland 31 January Finance Minister Pranab Mukherjee To Meet Industrialists EXPERT VIEWS (In a letter to PM) "You are 80 years old now. The country has given you everything. Now people are asking something in return. Show some courage...to bring Lokpal to fight corruption. We don't know whether [the ruling] Congress [party] will give you another chance as prime minister but if you do this, the country will always remember you." Anna Hazare Anti-Corruption Crusader "...the future is what we make of it. Nothing is ordained or pre-determined. India can rise, but India can also falter. We can either become victims of negativism, criticising ourselves all the way, or work together to put ourselves firmly in the group of rising economies. Both optimism and pessimism have an infectious quality." Manmohan Singh Prime Minister "The longer we wait, the worse it will get. The only solution is to move forward together. We must all understand that this is a defining moment. It is not about saving any one country or region. It is about saving the world from a downward economic spiral." Christine Lagarde MD, IMF WATCH OUT   Credit Policy   While inflation has climbed down from the 9% mark, the prices of industrial goods are still rising. Does the RBI have room to cut rates? And if it doesn't, will growth slip below 7%? Join Latha Venkatesh as she gets you the RBI Credit Policy straight from the RBI Headquarters, with instant analysis from a galaxy of economists, bankers, market experts & CEOs. Find out how it will impact your job, your EMIs, savings and your lifestyle. SHOW TIMINGS Tom 11am Onwards