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Our Bureau

Chennai , April 28

MR N. Sampath Kumar, Executive Director, Ashok Leyland Finance (now merged with IndusInd Bank), said, "Interest rates are stable right now. But I expect hike in the reverse repo rate once again before the end of June. In any case, the RBI Governor has made it clear that policies and reviews will be more frequent than the six month intervals that were there till now."

Mr Ajay Mahajan, President, Financial Markets, Yes Bank, said: "We believe that RBI has made the right move by balancing growth with price stability. Bond markets were caught unawares with this move and hence lost reasonable ground today, though we expect that elimination of an `interest rate hike uncertainty' will provide stability to the bond markets going forward. ."

Mr Y.M. Deosthalee, CFO, Larsen & Toubro Ltd, said: "The RBI has given a clear indication of a turn in the interest rate cycle. Recognising the fact that supply factors, particularly oil prices will continue to dominate the price situation, the policy has also sounded caution on liquidity overhang in the system."

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