'Rbi likely to hike interest rates'
The Reserve Bank is likely to hike interest rates marginally in the fourth quarter of this fiscal to give a signal to the market, a top financial sector expert said.
In an aggressive monetary policy announcement, the RBI hiked the repo rate the rate at which the RBI lends money to banks, by 0.25 % from 5.75% to 6 % and the reverse repo rate, the rate at which RBI borrows money from bank by 0.50 % from 4.50% to 5 %.