27 Jan, RBI its quarterly review kept all prime rates untouched. Currently, Repo stood at 5.5 percent, Reverse Repo rate at 4.0 percent, while CRR at 5.) percent.
India's growth forecast is trimmed from October's 7.5-8.0 percent to 7.0 percent or less in 2008-09 which is slowest in six years.
Friday, India sold 40 billion rupees of new 10-year federal bonds via yield-based auction and 30 billion rupees each of 7.56 percent 2014 bonds and 6.83 percent 2039 bonds via a multiple price auction method.
According to the Central bank the federal government's fiscal deficit for 2008/09 was set to balloon to at least 5.9 percent of gross domestic product from an earlier estimated 2.5 percent, possible bringing the total federal and state shortfall to 8.5 percent.
The inflation based on Wholesale Price Index for week ended 17 January 2009 was seen at 5.64%, slightly higher than 5.60% noted previous week.
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