Expect RBI to Cut Rates by 50 bps in 2015: Uday Kotak
Uday Kotak, executive vice-chairman and managing director, Kotak Mahindra Bank said he expects the RBI to bring down the repo rate- the rate at which it lends short-term money to banks – to 7 per cent from 7.5 per cent currently, during the calendar year 2015.
