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Kotak sees RBI raise rates at 25 January meet

Kotak sees RBI raise rates at 25 January meet
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First Published: Fri, Jan 07 2011. 10 57 AM IST
Updated: Fri, Jan 07 2011. 10 57 AM IST
Mumbai: Kotak Mahindra Bank expects the Reserve Bank of India (RBI) to raise interest rates in its meeting on 25 January, Uday Kotak, executive vice chairman and managing director, told reporters on Friday.
Interest rates are on their way up, he added.
The 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 25 January at its quarterly review.
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First Published: Fri, Jan 07 2011. 10 57 AM IST