Rediff.com« Back to articlePrint this article

RBI in talks with govt on monetary policy framework: Rajan

October 16, 2014 17:27 IST

Reserve Bank of India (RBI) Governor Raghuram Rajan said on Thursday the central bank was in discussions with the government over the country's monetary policy framework, calling the relationship between the two sides "cordial."

Talks included setting objectives for the RBI, he said, while adding these talks did not threaten the independence of the central bank and were instead issues being worked out between the two sides.

"The truth is the government and the Reserve Bank enjoy a free, frank and cordial relationship."

"We discuss many things and we try and do what is in the best interest of the country," Rajan said at event involving students in the southern city of Hyderabad.

Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.