**[investwise]** HSBC: Expect Baseline Rates to Rise 2 % in 2010; Sell Capital Borrowers

 

We expect CRR, repo & reverse repo rate to be hiked 25bps at 20 Apr meet.       ** WPI & CPI have peaked, but that is no reason for the RBI to relax as underlying price/wage pressures continue to build.                              ** For once, WPI  surprised on the downside in March, failing to cross into  double digits. The 9.9% yoy figure was the same as February & is likely to prompt a sigh of relief amongst politicians and policy makers.                  ** We eventually expect to see 200 bps hikes in key rates, albiet not untill  mid-2011. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.   Nothing in this article is, or should be construed as, investment advice.

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