Comfortable liquidity position, need of the hour: Subba Rao

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Mumbai, Feb 6: The Reserve Bank on Friday, Feb 6 said that the country had to face a turbulent economy ahead and said that maintaining safe liquidity position would be the need of the hour, while managing government's borrowing programme in a 'least disruptive manner'.

"We will maintain a very comfortable liquidity position. There are several options and measures that we can take to manage liquidity. We will explore and apply all of that as appropriate," Reserve Bank of India Governor D Subbarao said on the sidelines of the 6th Convocation Programme at the Indira Gandhi Institute of Development Research.

He further added, "We will see that the market is stable. We will see there is no volatility and we will manage the Government borrowing programme in the most efficient way possible. All options are open--we will manage to borrow in a transparent manner."

A policy statement of the Reserve Bank said that "the year 2009-10 will be a difficult year than 2008-09."

OneIndia News (With inputs from Agencies)

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