Going by all the signs, the rise in interest rates seems imminent. With global oil prices not willing to mellow down, the impact on India's already huge oil import bill could lead to inflationary conditions within the country.
In order to keep inflation under control, the Reserve Bank of India (RBI) is expected to hike the repo rate in the near future. Industry experts expect RBI to hike the repo rate by about 0.50 percent during this financial year itself.
