Saturday, October 6, 2012

RBI monetary policy awaits govt data on fiscal deficit: Subbarao

.......On the steps government has taken to control fisal deficit, he said, “What else the government has to do is a question of details. But as far as RBI is concerned, the final number will be important. How they get it will be important for the country, for the economy and for all of us. But I am saying, in the short term, for the monetary policy calculation, the number is important.” Pointing that RBI will take all the views on economic growth into consideration when it comes out with its next monetary policy review slates for October 30, Subbarao said, “RBI’s effort is to curb inflation while supporting growth.”.......

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