Advertisement

HindustanTimes Wed,26 Nov 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

Rupee rebounds 8 paise against dollar to end at 61.86

After breaching the 62-mark in early trade, Indian rupee on Tuesday rebounded and ended with a gain of 8 paise at 61.86 against the Greenback on account of suspected RBI intervention through state-owned banks.

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