RBI hints at more liquidity measures in policy action

Written By Unknown on Senin, 29 Juli 2013 | 20.07

Moneycontrol Bureau

The Reserve Bank of India (RBI) on Monday hinted at controlling fund flows or the market liquidity as it is known in the banking parlance, to take policy stance giving priority to both the growth-inflation balance and macro-financial stability.

In its macroeconomic and monetary developments review for April-June quarter, 2013-14; the central expressed hope for some improvement on growth front but the recovery is likely to be slow-paced. Professional forecasters outside the RBI have projected GDP growth at 5.7 percent, revised downwards from 6 percent in May 2013.

"Going forward, the Reserve Bank will endeavour to actively manage liquidity to reinforce monetary transmission that is consistent with the growth-inflation balance and macro-financial stability," the central bank said in the macroeconomic and monetary developments review, released on the day before the RBI monetary policy.

Also read: Is RBI June quarter policy a non-event?

More updates follow....



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