Repo Rate May Increase To 6.5%, According To RBI: Uday Kotak

Kotak says the RBI should rate the benchmark lending rate by 35 basis points to 6.25 percent . Kotak: The rate should be the fifth highest level in the world .

At the CII Global Economic Policy Summit in New Delhi on Wednesday, Kotak said that the RBI should rate the benchmark lending rate by 35 basis points to 6.25 percent, the fifth highest level in the world, and that it should be considering a pivot, but that is a question of scale, he said.

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