The upcoming review of monetary policy by Reserve Bank of India on June 16, 2011 is expected to bring another rise in policy rates, forecast analysts.

It is strongly expected that the central bank would be giving another 25bps upward push to the repo and reverse repo rates.

The apex bank is making serious efforts to bring into control the untamed inflation figures.

"Given the trend in the overall IIP growth numbers as per the new series and the prevailing inflationary pressures, we expect the RBI to continue with its rate tightening regime i.e. increasing the repo rate by another 25 basis points in the upcoming monetary policy review. Going forward, this would lead to a subdued growth in the consumption and investment demand in the near term," said Arun Singh, Senior Economist, D&B India.