Repo rate hike of 0.25% by RBI soon: Economists
Reserve Bank of India may soon raise the interest rate for short-term lending to banks once again as a measure to control the unabated rise in inflation that shot to 13-year high at 11.05 per cent, economists said. The short-term lending rate (repo rate) is currently ruling at 8.0 per cent and this may be increased to 8.25 per cent even before the July policy announcement.
