RBI could announce a rate hike in Dec/Jan

The strong surge in the GDP figures for the July-September period at 7.9% as compared to 6.1% in the previous quarter. The growth in the GDP was mainly driven by the manufacturing and services sector. With the economy responding to the various policy measures taken by the government, we can expect that RBI would withdraw its stimulus measures slowly. It is expected that RBI would announce a hike in interest rates in the months of Dec/Jan as against the previous time frame of March 2010 so as to contain the rising inflation.