This is a discussion on Indian Markets stable within the Banking forums, part of the Financial Services category; The markets are stable and India will have a new credit policy within 10 days, Reserve Bank of India (RBI) ...
The markets are stable and India will have a new credit policy within 10 days, Reserve Bank of India (RBI) governor Y.V. Reddy said here Thursday.
"Everything is fine. Wait for 10 more days and you would have the credit policy," Reddy told reporters after a meeting of the RBI's central board of directors.
"As far as the outlook on the economy is concerned, a formal response will come during the monetary policy review."
The policy review is scheduled later this month.
On the economy's projections, Reddy said: "As of now, we are sticking to the basic projections, but the global uncertainties have certainly increased than what we estimated."
He said the markets were by and large stable and the RBI was taking steps to maintain this.
He also said the central bank was keeping a close watch on the global oil prices.