Little Chance of Rate Cut in FY15: Axis Bank
Saugata Bhattacharya, senior vice president of business and economic research at Axis Bank, tells NDTV that while there are very little chances of an interest rate cut in the September 30 policy review, the RBI could cut the statutory liquidity ratio further by 25-50 basis points. He further says that there might be some scope of a rate cut by the RBI towards the beginning of 2015 after seeing the timing of a possible interest rate hike in the US.
