Rate Hike Was Unexpected: Kotak Mah Cap
  • Prabha Hedge
  • Jan 28 2014

January 28: Shanti Ekambaram, Group Head-Wholesale Banking, Kotak Mahindra Capital, says, “Last two days of global volatility may have prompted the central bank to introduce a buffer measure.” However, she points out that a rate hike coupled with slowing growth and a tepid investment cycle may impact sentiment.