RBI chief meets Pranab, assures more stepsFebruary 23rd, 2009 - 5:41 pm ICT by IANS
New Delhi, Feb 23 (IANS) The Reserve Bank of India (RBI) Monday said it was closely monitoring the economic scenario and would take “appropriate policy action as may be necessary”.
RBI Governor Duwuri Subbarao Sunday met External Affairs Minister Pranab Mukherjee and “assured him that the Reserve Bank is constantly monitoring the situation”, a bank statement said.
“The governor briefed the minister on the evolution of the global financial crisis, the outlook for the global economy and the response of the advanced and the emerging economies to the crisis based on his meetings with the other central bank governors in Basel, Switzerland, in January and in Kuala Lumpur, Malaysia, in February,” the RBI said.
The RBI has taken several monetary steps to ease out liquidity crunch in the financial system, including successive cuts in key interest rates like the repo rate - the interest charged by the RBI on borrowings by commercial banks. The repo rate currently stands at 5.5 percent.
- Subbarao sees scope to cut rates in 2012 - Jul 31, 2012
- India's central bank cuts rates to push growth (Lead) - Apr 17, 2012
- RBI keeps key rates unchanged as inflation outlook worsens (Lead) - Jul 31, 2012
- RBI keeps key rates unchanged, cuts SLR by 1 percent (Roundup) - Jul 31, 2012
- Reserve Bank of India Governor D.Subbarao gets two-year extension - Aug 09, 2011
- Highlights of monetary policy unveiled by India's central bank - May 03, 2011
- Highlights of Indian central bank's monetary policy update - Jul 26, 2011
- India Inc welcomes rate cut (Lead) - Apr 17, 2012
- India's central bank cuts interest rates to spur economy (Roundup) - Apr 17, 2012
- Inflation forces another rate hike by India's central bank (Second Lead) - May 03, 2011
- RBI governor meets Mukherjee ahead of policy review - Apr 03, 2012
- India's central bank keeps key lending rates unchanged (Second Lead) - Jun 18, 2012
- CRR cut will ease liquidity problems, says Pranab - Jan 24, 2012
- Inflation forces India's central bank to hike rates again (Roundup) - May 03, 2011
- Rs.17,000 crore released into banking system; retail interest rates expected to fall (Roundup) - Sep 17, 2012