SBI concerned about excess liquidity with the bank

State Bank of India chairman O P Bhatt today said that excess liquidity available with the bank would be a matter of concern for the next two quarters.

Economy will grow 7.5 percent but with high inflation: RBI

The Reserve Bank of India (RBI) on Friday projected an impressive 7.5 percent growth for the Indian economy in the current fiscal even as it hiked the outlook for annual inflation rate to 8.5 percent by end-March.

`Central bank`s steps will not impact interest rates`

Concerned over high inflation rate, fuelled by rising food prices, Finance Secretary Ashok Chawla Friday said the steps by the central bank to curb liquidity were adequate and assured that interest rates will remain intact.

RBI likely to raise key rates:Ernst & Young

Ahead of the RBI`s quarterly monetary policy, global consultancy firm Ernst &Young today said the central bank is likely to signal interest rate hikes to suck out liquidity from the market and check rices from spiraling further.