After four and a half yrs, RBI hikes repo rate by 25 basis points to 6.25 pc

RBI has increased the reverse repo rate -- the rate at which RBI borrows from commercial banks -- to 6 per cent.

Markets slump on fear of rate hike

Others are seeing a probability of a 25 basis points hike in repo rates.

India Inc on Monday urged the government to cut excise duty on petrol and diesel immediately.

BOJ left its inflation forecast for next fiscal year unchanged from three months ago, at 1.8 per cent.

Indian economy is expected to witness a cyclical recovery driven by investments as well as consumption.

World Bank raised its growth outlook for China this year to 6.5 per cent from its Oct forecast of 6.4 per cent.

The global financial services major, expects the start of a shallow rate hike cycle by the fourth quarter of 2018.

RBI said, will be given six months to make the necessary transition.

Investor sentiment will be cautious, weighing on the local currency, as three major states are going to polls this year.

The market is slowly expected to gain momentum in the month of April.