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Rate hikes here to stay: Kotak Mahindra Bank

PUBLISHED ON: June 16, 2011 | Duration: 10 min, 59 sec

  
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Shanti Ekambaram, group head – wholesale banking at Kotak Mahindra Bank Ltd, says given that where the inflation is hovering now, it can cause havoc to our economy, so a rate hike of 0.25 per cent was necessary. She thinks the RBI would need to raise rates by 0.75 per cent from here on.
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