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.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>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.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>It is quite possible that RBI may increase the repo rate by a quarter per cent before July policy review, HDFC Bank Chief Economist Abheek Barua told PTI.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The hike could come in the next 10 days, he said, adding, depending on the situation RBI could also increase the Cash Reserve Ratio

P>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.

Inflation impact: RBI may hike repo rate

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