RBI monetary review in line with Govt thinking: FM

Posted By: Staff
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New Delhi, Oct 27: Finance Minister Pranab Mukherjee on Tuesday, Oct 27 said the RBI's move to keep almost all rates unchanged is in line with the government's thinking on fiscal and monetary policies.

Speaking to reporters after the monetary review, Mukherjee said, "Of course the assessment of the RBI on the whole the policy, which has been announced is in conformity with the government's own thinking of both fiscal policy and monetary policy."

He said, "I had a discussion with the Governor RBI a few days back. We had discussions there would be no change in the rates and there has not been any substantial change."

The RBI kept key rates unchanged and increased the SLR (Statutory Liquidity Ratio) from 24 pc to 25 pc.

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