Kotak Mahindra Bank expects the central bank to raise interest rates in its meeting on January 25, Uday Kotak, executive vice chairman and managing director, told reporters on Friday.
Interest rates are on their way up, he added. The Reserve Bank of India (RBI) has been the most aggressive central bank in Asia to tighten monetary policy. It has so far raised its key lending rate or the repo rate by 150 basis points since 2010 to contain a spiralling inflation and is expected to raise rates by another 25 basis points on January 25 at its quarterly review.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
