RBI review in line with govt thinking: FM

Finance Minister Pranab Mukherjee today said the RBI's move to keep almost all rates

RELATED ARTICLES

unchanged is line with the discussions he had with the apex bank's governor and the government's thinking on fiscal and monetary policies.

"I had a discussion with the Governor RBI a few days back. We had discussions there would be no change in the rates and there has not been any substantial change," Mukherjee told reporters after the monetary review.

The RBI kept key rates unchanged, while hiking Statutory Liquidity Ratio (SLR), the deposits that commercial banks are to park in government securities, by one percentage points to 25 per cent.

Mukherjee said," Of course the assessment of the RBI on the whole the policy, which has been announced is in conformity with the government's own thinking of both fiscal policy and monetary policy."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

FC NEWSLETTER

Stay informed on our latest news!

EDITORIAL OF THE DAY

  • Keeping Air India afloat is a futile attempt

    The government’s decision to once again restructure bank loans of the perennially troubled Air India is yet another futile exercise that will yield

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Praful Bidwai

Lessons from the 2G verdict

After the Comptroller and Auditor General’s report on the 2G ...

Parvez Imam

Idiom of work today is similar to torture

The little child ran up and down the beach, filling ...

Dharmendra Khandal

Wild pigs are in danger despite being prolific breeders

Few months ago, a woman near Ranthambhore lost her hands ...