All but four of 51 forecasters polled expect the RBI to hold its key repo rate at 7.25 per cent on August 4. It has already cut the rate three times this year to loosen credit and boost slowing gr...
A survey of 17 forecasters predicted the country's industrial production (IIP) increased 2.4 per cent in February from a year earlier, below January's 2.6 per cent.
Median forecasts from the poll suggest the Reserve Bank of India will cut repo rate by 25 basis points in May or June.
Rising food prices have pushed retail inflation a bit higher last month, but weaker demand prompted factories to slow output in December, a Reuters poll showed.
After leaving it at 8.0 per cent through 2014, the Reserve Bank of India is expected to cut 100 basis points over the next 18 months.
The poll of 18 analysts, taken in the past week, predicts the Sensex will hit 30,000 by June and 32,980 by December 2015.
Consumer inflation slowed to 5.52 per cent in October, its lowest reading on record. But despite Mumbai's soaring stock market there are no signs of economic growth picking up.
If the inflation forecast is met, it will be even lower than September's figure of 6.46 per cent and the slowest pace of price rise since January 2012.
In what might also give some respite to the domestic economy the sub-index measuring output price growth fell to a near four-year low.
All but three of 46 economists surveyed by Reuters over the past week said the bank would leave its key repo rate unchanged at 8 per cent when it meets on September 30.
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