RBI monitoring economy, liquidity before policy action
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Ahead of its mid-quarterly policy review, the Reserve Bank today said it is monitoring the economic data and also the liquidity situation, and would take a forward-looking view while deciding on the policy action.
"We would monitor various data...and take a forward- looking view and take action", RBI Deputy Governor Shyamala Gopinath told reporters here when asked how the central bank plans to arrest the economic slowdown.
The central bank has raised key policy rates nine times since March 2010, to check inflation, which is hovering above 8 per cent, much above the comfort level of 5-6 per cent.
RBI is scheduled to come out with mid-quarterly review of the policy on June 16.
The policy initiatives, however, will have to be taken with a view to containing inflation without sacrificing growth, which has started showing signs of a slowdown. (PTI)
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