INSUBCONTINENT EXCLUSIVE:
had predicted consumer price index at 2.43 per cent for February, according to a poll by Reuters.Last month, Reserve Bank of India (RBI)
reduced the repo rate by 25 basis points or 0.25 per cent
The central bank also changed its policy stance to "neutral" from "calibrated tightening"
The repo rate - which is the key interest rate at which the RBI lends short-term funds to commercial banks - currently stands at 6.25 per
cent.The RBI has maintained a medium-term goal of 4 per cent for consumer inflation, which it tracks primarily to formulate its policy
Consumer inflation - determined by Consumer Price Index (CPI) - indicates the rate of increase in consumer prices.In separate economic data,
of economists had predicted a growth of 2 per cent for January.January's growth was much slower than the upwardly revised 2.6 percent
year-on-year increase in December, the data showed.(With inputs from Reuters)
