No Plans to Raise Lending Rates, say Indian Bankers

Low credit demand is preventing Indian bankers from raising lending rates for the next one month, reports the Economic Times.

 

Bank chiefs, who are scheduled to meet Reserve Bank of India (RBI) governor D. Subbarao on Monday, hope the cash reserve ratio will be maintained at current levels to ensure liquidity to meet credit demand, says the Times.

 

The Times notes that the bankers expect the central bank to raise the repo and reverse repo rate in the policy to anchor inflation expectations. 
 

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