RBI: Not ruling out mid-policy action

The Reserve Bank of India Governor Duvvuri Subbarao said on Tuesday a mid-policy action was not ruled out, after the Reserve Bank of India (RBI) raised policy rates by an expected 25 basis points.

Credit Policy Review

The policy view was taken on liquidity, growth and inflation outlook for the next six months, he said in response to questions at press conference.

The RBI raised rates for the second month in a row as it battles inflation near double digits.

SEARCH