Interest rates are not expected to go up immediately even as the Reserve Bank of India (RBI) today announced a fresh 25-basis-point hike in the cash reserve ratio (CRR), the amount of cash banks must keep with the central bank, in its Annual Policy Statement for 2008-09.

<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'>This is the second time in two weeks that the central bank has asked banks to set aside more reserves. The impact is, however, expected to be marginal as bankers talked about keeping lending rates stable for the time being due to sufficient liquidity in the system. 
</p><p class='TableClas'>While public sector bank chiefs are awaiting cues from Finance Minister P Chidambaram on Thursday, other bankers pointed out that the full impact of the 75 basis point rise in CRR 

Lending rates may be unchanged

ON MINT ROAD

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