Ahead of monetary policy review on Tuesday, Reserve Bank Governor Raghuram Rajan on Sunday called on Prime Minister Narendra Modi and is likely to have discussed the macro-economic situation and issues related to price rise. The RBI’s bi-monthly policy review on June 3 will be the first after Prime Minister Narendra Modi assumed office on May 26. Last week, Mr. Rajan also met the newly appointed Finance Minister Arun Jaitley and had said fighting price increase is a priority, stressing that the central bank has always maintained a balance between the need to check inflation and prop up growth............
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