Reserve Bank of India, RBI today said, the liquidity situation currently is comfortable and indicated that monetary policy action in the forthcoming mid-quarterly review next week, would depend on latest developments in the money market. RBI Deputy Governor Subir Gokarn told reporters on the sidelines of a function in Mumbai that the Central bank would take note of emergence of signs of stress in the market but there are no such signs at the moment.The RBI, in its mid-quarterly review of monetary policy to be announced on September 17, is expected to take steps to promote growth and also contain inflationary expectations. The RBI is also expected to respond to some bankers' demand for abolition of Cash Reserve Ratio.