May 13, 2010 1:30 PM

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RBI not changing its approach because of Greek debt crisis

Reserve Bank today said the Greek debt crisis would not change its roadmap to exit from the accommodative stance, as the Central Bank has already factored in the impact of global uncertainties in its exit-policy. RBI Deputy Governor, Subir Gokarn told reporters in Mumbai that there is no reason to change the approach, because the Greek crisis is not showing signs of spilling over to a larger real economy problem. He however said that the Central Bank is keeping a close watch on the developments unfolding in the global markets.

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