Monetary measures have yielded results: RBI governor
Font size:
Kolkata, Dec 11: The Reserve Bank of India today strongly defended that the monetary policy measures taken by the apex bank had yielded positive returns.
Asked whether the monetary measures adopted by the central bank had failed to revive the economy, RBI governor D Subbarao told reporters here, "Steps taken by the apex bank have resulted in positive returns".
He stated that the recent measures reduction in repo and reverse repo rates to infuse liquidity are appropriate.
Asked if there was further scope for reducing the CRR from the present levels of 5.5 per cent, the RBI governor said that the apex bank was constantly reviewing the situation.
"Going forward, RBI will do whatever is appropriate", Subbarao said.
Asked whether the monetary measures adopted by the central bank had failed to revive the economy, RBI governor D Subbarao told reporters here, "Steps taken by the apex bank have resulted in positive returns".
He stated that the recent measures reduction in repo and reverse repo rates to infuse liquidity are appropriate.
Asked if there was further scope for reducing the CRR from the present levels of 5.5 per cent, the RBI governor said that the apex bank was constantly reviewing the situation.
"Going forward, RBI will do whatever is appropriate", Subbarao said.
"In the next review of the economy, the apex bank would set targets for growth and inflation", he said. PTI
Add to:
del.icio.us |
Digg
del.icio.us |
Digg
Email to a friend
Print version
Plain textRate this article
Comments (0 posted):
Post your comment