A Reuters poll had forecast retail inflation would slow to 8.35 percent from an annual 8.79 percent in January.
Cardholders must ensure their debit cards are used in their presence.
With RBI likely to make credit costlier and banks to follow, some ideas on switching money to be able to do this.
The spike at private sector lenders like ICICI Bank and Axis Bank follows a push to grab market share from India's dominant state banks.
Credit rating agency Crisil observed in its report that some 'high frequency indicators go out of whack' as credit growth and service tax collections are not in tune with the CSO's growth projections.
The repo rate has been unchanged since January, when the RBI increased it by a quarter percentage point.
The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening.
Loan rates will change at the next reset, while deposit rates will continue till maturity.
Policymakers have been grappling with high prices for food staples such as onions and potatoes even after the central bank raised interest rates by a quarter percentage point in each of its previous two reviews.
Most immediately, he pledged to move slowly if needed in winding down an oil window that provides dollars directly to state-run oil companies
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
The year 2014-15 could well go as one of long-pending financial sector reforms, expected to have a lasting impact.
Experts hail Budget 2015 as a progressive, growth oriented one.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances