The Reserve Bank of India (RBI) may cut interest rates only towards the end of the financial year despite a moderating inflation, Kotak Mahindra Bank’s treasury chief said.
“Inflation has come down, but core is not coming down that much. Some of it is base effect which they already knew, and they did not hike at the same pace compared to Fed,” said Rajeev Mohan, president, treasury and global markets.
Read More : India central bank likely to reduce rates by end of financial year, predicts Kotak Bank treasury chief