RBI policy review: Rate hike in-line, savings rate deregulated
Analysts say RBI's decision to hike repo rate by 25 basis points was along expected line. Rajiv Kumar, Secretary General of FICCI said the central bank has indicated that further action will not be taken in the December policy review. Gaurav Kapur, Senior Economist at RBS said savings bank de-regulation may create space for banks to price deposit rate more aggressively. Shanti Ekambaram, President (Wholesale Banking) at Kotak Mahindra said the move will not lead to an all-out war between banks.
