RBI Governor meets Chidambaram, discusses economic situation
   
Quotes

RBI Governor meets Chidambaram, discusses economic situation

Last Updated: Thursday, December 26, 2013, 19:55
 
 Comment 0
 
RBI Governor meets Chidambaram, discusses economic situation
New Delhi: RBI Governor Raghuram Rajan Thursday met Finance Minister P Chidambaram and discussed the macroeconomic situation.

"We exchanged our views on the current macroeconomic situation," Rajan told reporters after the meeting, which was also attended by Department of Economic Affairs Secretary Arvind Mayaram.

Rajan had surprised the markets by leaving all key policy rates unchanged at the mid-quarter policy review on December 18, notwithstanding persistent high inflationary pressure.

A key short-term lending rate was kept unchanged at 7.75 percent, while the cash reserve ratio remained at 4 percent.

Rajan was Chief Economic Advisor in the Finance Ministry before taking over as RBI Governor on September 4. He had increased the key rate by 0.50 per cent in two instalments.



PTI

First Published: Thursday, December 26, 2013, 19:53


Comments


comments powered by Disqus
Ford Figo Aspire
Ford Figo Aspire
Samsung Galaxy S6 Edge Plus, Note 5
Samsung Galaxy S6 Edge Plus, Note 5
Maruti Suzuki S-Cross
Maruti Suzuki S-Cross
Mahindra New Thar CRDe
Mahindra New Thar CRDe
New Generation Scorpio
New Generation Scorpio

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved