Apex bank to look at stable interest rates: RBI

The RBI's effort is to keep interest rates benign and stable, RBI Deputy Governor K C Chakrabarty said in Mumbai.

July 17, 2009 14:05 IST

The RBI’s effort is to keep interest rates benign and stable, RBI Deputy Governor K C Chakrabarty said in Mumbai.

Credit growth is expected to pick up further in the period ahead as the economy recovers, said Chakrabarty, who recently took over as RBI Deputy Governor after having served as Chairman and Managing Director of Punjab National Bank.

The first quarterly review of the monetary policy of 2009-10 is scheduled to be unveiled by the apex bank on July 28.

This article was first uploaded on July seventeen, twenty nine, at five minutes past two in the afternoon.