Finance Minister P Chidambaram today justified the RBI's decision to leave the key short-term interest rates steady at 5 per cent saying that the current economic situation in the country did not require any sharp adjustment in interest rates. | |
| "The RBI policy statement is in line with what the government thinks. At the moment, I don't think there is a case for any sharp adjustments in interest rates," Chidambaram told reporters. |
| |
| Chidambaram said the government would ensure price stability and was keeping a close watch on inflation. |
| |
|
| |
