It is expected that there might again be a rise in the interest rates by the RBI. The inflation in the nation has seemed to take the better of it since a long time and there seems no respite soon for India. RBI is taking all necessary measures to be able to fight inflation and make things easier for the common man.

The rates of interest by the bank have been raised about 11 times in less than two years. The bank officials might be double minded about the matter but the governor of the RBI, Mr. Duvvuri Subbarao shall not be making any final decisions regarding the same before the release of the inflation data on the 14th of September.

"We still have high food and non-food manufacturing inflation, good credit growth to industry and growth is also quite good according to our view”. “So, domestic factors will continue to be the key driver for policy framing”, revealed an official.

It is essential that a middle way out is found which I beneficial for the banks as well as the commoner. It is essential to keep in mind that people are facing inflation since a long time and there is need to curb it before basic necessities go out of reach for people.