Vienna - The price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) jumped to a new record high on Tuesday, the Vienna-based OPEC secretariat said on Wednesday.
Mumbai, Apr 29: Reserve Bank of India (RBI) will announce the annual the monetary and credit policy for the year 2008-09 today.
Rising inflation could impact the policy in terms of further rate hikes.
The RBI’s key policy rates were raised nine times since October 2004, while the Cash Reserve Ratio (CRR), the mandatory amounts that the banks have to keep with RBI, was raised five times since December 2006.