RBI to take action on inflation and liquidity on 29th April

RBI to take action on inflation and liquidity on 29th April The Reserve Bank will come out with appropriate response to high inflation, now at 7 percent, and surging liquidity position in its credit policy on 29th April, apex bank's Deputy Governor Rakesh Mohan said. "We are examining the data on a constant basis, both international and domestic developments. These are important issues which need to be analysed and examined very carefully...an appropriate response and analysis will be available on April 29," Mohan told reporters on the sidelines of a book launch in Mumbai on Wednesday. He was responding to questions how the central bank would respond to a high inflation, which was 7 percent on the week ended 22nd March and the surging liquidity, now at about Rs 71,000 crore. He said the Reserve Bank monitors and does active liquidity management on a day-to-day basis and there could be different experiences of liquidity between different months. "There is a constant and detailed monitoring and management of liquidity on a daily basis," he said.

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