Monday, July 22, 2013

Chidambaram sees no shift in RBI stance after rate move


Finance Minister P Chidambaram has said that the Reserve Bank of India's move to raise two of its interest rates while keeping the main repurchase rate unchanged doesn't signal a shift toward a tightening bias. "What I think the central bank did a few days ago is not to be understood as affecting the policy rate one way or another," Chidambaram said in an interview on Saturday in Moscow, where he's attending a meeting of Group of 20 finance ministers and central bankers. "That decision will be taken separately."......


No comments: