With only few days left for the
Reserve Bank's scheduled monetary policy review, a top banker
on Saturday said that interest rates are likely to remain stable in
the near future.
"Interest rates will remain stable for some time. I don't
think there will be any substantial movements (in the rates in
the near future)," ICICI Bank Managing Director and CEO Chanda
Kochhar told reporters here today.
The RBI is scheduled to announce its monetary policy
review on July 28.
Bureau Report
First Published: Saturday, July 25, 2009, 17:07