Monday, July 28, 2008

CRR, repo rate hike likely: HSBC

Robert Wandesforde, senior economist, HSBC, said the credit policy review may see a 25 basis point hike in both the CRR and the repo rate.

"We are looking for 25 basis point hike - both in terms of CRR and the repo rate. We are looking for further increases beyond that in the following months."

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