New Delhi: Ahead of financial policy evaluation on Tuesday,
Reserve Bank Governor Raghuram Rajan Sunday called on Prime Minister Narendra Modi and is probable to have discussed the
macro-economic circumstances and issues connected to value increase.
The RBI's bi-monthly strategy evaluation on June 3 will be the first after Prime Minister Narendra Modi unspoken office on May 26.
The RBI's bi-monthly strategy evaluation on June 3 will be the first after Prime Minister Narendra Modi unspoken office on May 26.
Last week, Rajan also met the recently selected Finance Minister Arun Jaitley and had said fighting price add to is a precedence, stressing that the central bank has always maintained a sense of balance between the need to check increase and crutch up increase.
"Governor of the Reserve Bank of India (RBI) Raghuram Rajan called on Prime Minister Shri Narendra Modi at 7, battle Course Road today. It was a good manners call," an bureaucrat declaration said.
India's financial expansion stayed lower 5 percent for the second year in a row at 4.7 percent in 2013-14. augmentation remained passive at 4.6 percent in the fourth sector.
The Reserve Bank of India may leave key attention rates unmovable in its June 3 financial policy appraisal as Rajan is likely to prefer containing obstinate price rises before granting to stress for a rate cut to increase expansion.
"RBI is likely to uphold status quo as increase is still high and the risk of downpour being weak this time is frightening huge," Indian Overseas Bank Chairman and Managing Director M Narendra said.
Rajan had kept the policy rate unmoved at 8 percent in its April 1 appraisal as price rises, particularly of food items, hovered at over 8 percent. Food increase in April stood at 9.66 percent and trade inflation was at 8.59 percent.