Ahead of the mid-term review of the monetary policy on Tuesday, the RBI governor discussed the macro economic situation with finance minister Pranab Mukherjee on Friday. The finance ministry expects the central bank to keep policy rates unchanged and maintain the accommodative policy. Finance secretary Ashok Chawla said he expects the RBI to continue with the accommodative policy. Subbarao said he reviewed the ?macro-economic situation? but did not comment on prices. The RBI is expected to maintain a status quo on policy rates, though some expect it to tinker with liquidity. Moody’s Economy.com expects RBI to hike Cash Reserve Ratio by 50bps.
FM-Subbarao meet ahead of review
Ahead of the mid-term review of the monetary policy on Tuesday, the RBI governor discussed the macro economic situation with finance minister Pranab Mukherjee on Friday.
Written by fe Bureaus
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This article was first uploaded on October twenty-four, twenty nine, at forty-seven minutes past eleven in the night.