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India On Media |
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| Money
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| RBI Governor meets PM, FM ahead |
| RBI Governor meets PM, FM ahead of credit policy
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| INDIA
, 24-July-2009
21:8:30 PM |
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Ahead of the first quarterly review of credit policy on Tuesday, RBI Governor D Subbarao met Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to review the macro economic situation.
"Tuesday is our policy review...I have come to the North Block to call on the finance minister and review the macro economic situation with him. I met the Prime Minister in the morning and also reviewed the macro economic situation," Subbarao told reporters after meeting Mukherjee.
The Reserve Bank will come out with first quarterly review on July 28. The apex bank faces a tough task taking dovish stand in view of the Government's massive borrowing plans amid peculiar situation of wholesale price inflation turning into negative zone even as food prices remained high
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