 "Rajan meets Mayaram ahead of policy review")
Ahead of monetary policy review on September 30, RBI Governor Raghuram Rajan on Friday met Finance Secretary Arvind Mayaram and is believed to have discussed macroeconomic issues, according to sources.
RBI is scheduled to announce its fourth bi-monthly monetary policy review on September 30.
Usually, the Governor meets the Prime Minister and the finance minister, ahead of policy review. Since Prime Minister Narendra Modi is in the US and Finance Minister Arun Jaitley is unwell, Rajan met the finance secretary.
The GDP growth has risen to a nine quarter high of 5.7 per cent in the April-June period, while industrial output for July slowed to 4-month low of 0.5 per cent due to contraction in manufacturing and poor offtake of consumer goods.
Further, the retail inflation in August stood at 7.8 per cent, while the wholesale price based inflation cooled to a 5-year low of 3.7 per cent.
In its last policy review on August 5, the RBI had kept key policy rates unchanged.
RBI is scheduled to announce its fourth bi-monthly monetary policy review on September 30.
Usually, the Governor meets the Prime Minister and the finance minister, ahead of policy review. Since Prime Minister Narendra Modi is in the US and Finance Minister Arun Jaitley is unwell, Rajan met the finance secretary.
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Even as the industry pitches for a rate cut to boost industrial activities, the central bank is likely to maintain status-quo in the policy review.
The GDP growth has risen to a nine quarter high of 5.7 per cent in the April-June period, while industrial output for July slowed to 4-month low of 0.5 per cent due to contraction in manufacturing and poor offtake of consumer goods.
Further, the retail inflation in August stood at 7.8 per cent, while the wholesale price based inflation cooled to a 5-year low of 3.7 per cent.
In its last policy review on August 5, the RBI had kept key policy rates unchanged.
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