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Liquidity position comfortable: Subbarao

By BS Reporter in New Delhi
October 15, 2008 11:49 IST
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Reserve Bank of India Governor D Subbarao on Tuesday said the country's liquidity position was comfortable as call rates had eased to around 9 per cent.

"The liquidity situation is comfortable. I am going to meet the prime minister to seek his advice. I cannot tell you what measures are going to come. What needs to be done has been done," he told reporters after an hour-long meeting with Finance Minister P Chidambaram.

Asked if more measures to increase the money supply were expected, Subbarao said, "That is not certain."

"We have to review the entire situation. The situation is quite comfortable. Everything is under control," said the governor, who returned from Washington on Tuesday morning.

Subbarao and Chidambaram later met Prime Minister Manmohan Singh but it was not known what was discussed at the meeting.

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BS Reporter in New Delhi
Source: source
 

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