RBI policy should be in line with govt steps: FM

Ahead of the Reserve Bank of India’s (RBI’s) second quarterly review of the monetary policy, Finance Minister Pranab Mukherjee today said he would like to see a rational interest rate policy moving in tandem with fiscal initiatives taken by the government to boost the economy.

“...We will like to see that the interest rate policy must be rational, and monetary policy and fiscal policy should move in tandem. It should not be contradictory,” he said in a TV interview.