FM says interest rates may moderate in 6-12 months

FM says interest rates may moderate in 6-12 months

Finance
Minister P Chidambaram today said interest rates may moderate in six to
12 months. A number of public sector and private sector banks have
raised lending rates and deposit rates after the Reserve Bank of India,
early this week, raised repo rate by 50 basis points to 9% and cash
reserve ratio by 25 basis points to 9%, at its quarterly policy review.