Reserve Bank Deputy Governor Subir Gokarn today said the Greek debt crisis will not

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force the central bank to give up its hawkish monetary policy stance, as it has already factored in the impact of global uncertainties. "We do not believe that there is any reason to change our approach. Because it (the Greek crisis) is not showing signs of spilling over to a larger real economy problem," Gokarn told reporters here.

The apex bank reduced its key rates several times to fight the financial crisis that broke out in end-2008, but started gradually reversing the easy money stance from October last year to contain inflationary pressures in the economy.

"It (the crisis) reflects, obviously, the continuing global uncertain environment, which is a factor we have already built into our exit strategy," Gokarn, who was earlier an economist with international rating agency Standard and Poor's, said.

The central bank, however, is keeping a close watch on the developments unfolding in global markets, Gokarn said.

"There are packages in place, there are very serious efforts to contain and not let the crisis to spread to other countries. But we keep a watch on things and see how it pans out," Gokarn said.