RBI's policy review on expected lines: Chidambaram

Finance Minister Palaniappan Chidambaram on Friday said that the Reserve Bank of India or RBI's policy review was on expected lines to manage India's financial stability. Chidambaram also added that the assessment of the central bank about the foundations of the Indian economy being strong endorses the finance ministry view. The central bank had already cut the repo rate for the first time in more than four years on Monday.