‘Interest rates to be stable, inflation to turn positive’
Mumbai: Interest rates are likely to remain stable going forward and inflation numbers would return into the positive zone, a top financial sector expert said.
"There is plenty of liquidity in the system. I don`t think you are going to see interest rates going hay wire," HDFC Vice Chairman and Managing Director, Keki Mistry, told reporters here.
Interest rates could rise but not in the near-term,
"A marginal increase in interest rates over a period
of time, may be in next 6-10 months, is possible but it is not
going to be huge," he said.
On inflation, the HDFC official said that with the
base effect wearing out, inflation numbers would go up.
"You will probably start seeing positive inflation
numbers coming in from now onwards because the base effect has
partly worn out," Mistry said.
However, inflation would not touch the eight to nine
per cent mark or double digit levels as it did during last
More from India
More from World
More from Sports
More from Entertaiment
- DNA: Importance of viewers' comments and remarks on reported news
- DNA: Has PM Modi's mention of Balochistan during I-Day speech unsettled China?
- DNA: Why commuting by bus in India is an unpleasant experience
- DNA: Elderly couple forced to live separately after 62 years; images go viral
- DNA: Unhappy with stint in Rio, Kim Jong-un announces penalty for North Korean olympians
- Weeds, less water could spell death for Chandigarh's Sukhna Lake
- F&B giant Pepsico end decade-long association with India's ODI captain MS Dhoni
- Committee flags gaps, vulnerability in Indo-Pak border fencing
- Argentine football legend Diego Maradona's passport stolen, unable to travel to Dubai
- RBI calls for ownership change of companies with sticky loan accounts