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Bankers expect rate hike

PUBLISHED ON: January 24, 2011 | Duration: 2 min, 05 sec

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The RBI is widely expected to raise key rates in its quarterly review on Tuesday, a move that may result in both deposit and lending rates inching up. About 80 per cent of the bankers polled believe that the RBI will hike repo rate by 25 basis points and about 20 per cent of the bankers polled think the hike could be stronger, by 50 basis points.
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