RBI seems to be set for interest rate hike for the third time in 4 months. According to a poll by Reuters, most of the economists predicted a rate hike of 0.25% in the RBI’s upcoming meet.
This could be due to the rising inflation numbers, both WPI and CPI. RBI believes it needs to contain inflation first and then look at growth. With this stance of RBI, you cannot expect reduction in rates at least till mid of 2014.