Country's largest public sector lender State Bank of India (SBI) today said that it does not expect the interest rates to go up in the short-term.


</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 Reserve Bank of India (RBI) while announcing Annual Credit Policy for 2008-09 had hiked the Cash Reserve Ratio (the percentage of deposits that commercial banks maintain with the Reserve Bank) by 25 basis points (bps) to 8.25 per cent. </P>
</p><p class='TableClas'>Prior to this, the apex bank on April 17 had announced a hike in CRR by 50 bps in two phases to contain inflationary expectations. <BR></P></p><p class='TableClas'></p></table>


No hike in interest rates in near future: SBI

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