RBI may hike interest rates: Parekh


“To give a signal that the Government is concerned about inflationary pressures, there is a chance of a marginal hike in interest rates in the January-March 2010 quarter,” HDFC Chairman Deepak Parekh told reporters here.

The hike in interest rates could be by at least 0.5 per cent, he said, adding, however, that any hike in rates was unlikely to happen in the current quarter.

On liquidity Parekh said, at present it was sufficient. With a revival in the economy and pick-up in construction activities, banks could witness a growth in their wholesale loans going forward, he said.

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