RBI would adjust changes required in monetary policy: Pranab Mukherjee
By ANIWednesday, June 16, 2010
SURAT - Union Finance Minister Pranab Mukherjee on Wednesday said that if changes in monetary police were required, the Reserve Bank of India (RBI) would adjust it.
“We have taken the appropriate step in the last policy announcement both on the supply side or the demand side. RBI has increased 25 basis point of Cash Reserve Ratio (CRR), Repo Rates and Reverse Repo Rates,” said Mukherjee on the sidelines of the 69th Annual General Meeting of South Gujarat Chamber of Commerce and Industry.
“The situation is constantly under watch and surely if further monetary policies are required, if changes in the monetary policies are required, Reserve Bank of India will adjust that,” he added.
Mukherjee further said that India would have crossed double-digit figures of growth had the global financial crisis not struck in 2008-09.
“India needs at least 50 million skilled workers to meet the requirements of industry,” he added. (ANI)
