RBI Deputy Governor Subir Gokarn said on Friday, too much liquidity is not good for the economy because it can lead to rise in inflation rate.
Gokarn said this at a CII organised function when he was asked if RBI will cut CRR (cash reserve ratio) again. At the interactive session on the topic ‘Monetary Policy Challenges in a Turbulent World’ Gokarn said, the inflation situation is still outside the comfort zone and RBI will respond to the situation by taking actions from time to time.
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