Mumbai: To tame inflation, the Reserve Bank of India (RBI) is likely to hike its key rates by 0.25 percent in the monetary policy for this fiscal next week.

"We expect the Reserve Bank of India to jack up both the repo and reverse repo rates by 25 basis points in its monetary policy," Exim Bank’s Executive Director, Prabhakar Dalal, said.

The apex bank is expected to hike the rates in view of the rising inflation, he said, adding, "The RBI is taking several measures to deal with the problem and a spike in the key lending and deposit rates is one such option."

The repo and reverse repo rates now stand at 6.75 percent and 5.75 percent, respectively.

(Agencies)