RBI Guv meets FM on eve of Q2 policy

RBI’s scope for cutting rates remain limited with continued spurt in prices despite concerns over low growth.

Written by Express News Service | New Delhi | Published: October 25, 2013 3:13 am

Ahead of the second quarter monetary policy review,RBI Governor Raghuram Rajan met finance minister P Chidambaram on Thursday.

“I discussed whole set of issues with the finance minister including state of economy,” Rajan said after the meeting.

The second quarter monetary policy review on October 29 will be Rajan’s first such full-fledged exercise since taking over the top job at the RBI on September 4. On September 20,he had unveiled the mid-quarter monetary policy review that raised the policy rate by 0.25 per cent with a focus on controlling inflation.

The RBI’s scope for cutting rates remain limited with continued spurt in prices despite concerns over low growth. Economic affairs secretary Arvind Mayaram said,“The government measures on economy are showing results and government will continue to take measures.”

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