Advertisement

HindustanTimes Fri,01 Aug 2014

Subbarao meets FM ahead of policy review

IANS  New Delhi, January 24, 2013
First Published: 20:00 IST(24/1/2013) | Last Updated: 22:03 IST(24/1/2013)

Reserve Bank of India (RBI) governor Duvvuri Subbarao met finance minister P Chidambaram on Thursday to discuss the macro-economic situation ahead of the January 29 monetary policy review of the bank.

Advertisement

 

"Our next quarterly review policy is scheduled for Tuesday. As per standard practice, I have come to review macro-economic situation with the finance minister," Subbarao told reporters outside the finance minister's North Block office.

The RBI is scheduled to announce the third quarter review of the monetary policy for the financial year 2012-13 on January 29.

The Indian central bank is widely expected to cut key policy rates by at least a quarter a percent to boost economic growth.

In the previous review announced on December 18, the RBI has indicated that it would ease monetary policy in January review.

"In view of inflation pressures ebbing, monetary policy has to increasingly shift focus and respond to the threats to growth from this point onward," the RBI had said in the mid-quarter review of monetary policy announced December 18.


Advertisement
more from Business

Firms focus on investment, Jindal joins club

Indian and foreign companies have announced plans to invest about Rs 5 lakh crore since May this year, when the Narendra Modi-led NDA came to power, signaling a possible revival of the stalled investment cycle that has slowed down India’s GDP growth rate.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved