Ahead of the monetary review next week, the RBI governor today discussed the macro-economic situation with Finance Minister Pranab Mukherjee and the Finance Ministry hoped the central bank would not tweak its soft interest rate policy. The Finance Secretary Mr. Ashok Chawla told reporters that he expects RBI to maintain its accommodative monetary policy stance. Mr. Subbarao after the meeting with Mr. Mukherjee said he reviewed the macro-economic situation with the finance minister but refused to answer any query on inflation and economic recovery.
News On AIR | October 23, 2009 6:54 PM
Finance Ministry expects RBI to continue soft rates