KVS Manian: ‘Don’t see the RBI raising rates at this point in time… deposit rates may go up’ - The Indian Express

The Indian economy is showing positive signs of growth, particularly in sectors such as logistics, pharma, and healthcare, according to KVS Manian, Whole-time Director of Kotak Mahindra Bank. He believes the current acceleration in inflation is temporary and unlikely to become a major concern. Manian expects the repo rate to remain unchanged and deposit rates to increase slightly over the year. Despite talks of a monsoon deficit and potential food inflation, he does not anticipate the RBI raising rates at this time.

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