The finance secretary on Wednesday said that any further measures by the Reserve Bank to withdraw special liquidity measures could come in January,the month when the next monetary policy review is scheduled. "Whatever you'll see,it will be in January. That is my assessment," Ashok Chawla said when asked if he expects the central bank to take more steps on its exit policy other than interest rate or cash reserve ratio hikes. On Tuesday,the Reserve Bank of India ended some special liquidity measures as it started to withdraw some of its easy policy stance. Chawla also said the federal and state governments do not need to borrow more than planned in the fiscal year ending March 2010. He said the states would borrow 600 billion rupees between November and March.
