RBI to take possible measures to tame inflation

Mumbai, Mar 14: Rakesh Mohan, Deputy Governor, Reserve Bank of India (RBI) today said that the RBI would take all possible monetary measures to keep inflation under control.

Addressing an investors' seminar here, he said that maintenance of macroeconomic stability and financial stability was important for the Central Bank.

Agreeing to the fact that the flow of capital has increased tremendously due to the massive economic growth the country had witnessed in recent past, he outlined the need for a reasonable degree of sterilisation. It would help maintain the monetary growth, he said.

UNI