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| By Headlines India News Network |
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Wednesday, October 29, 2008 (19:37:18) |
| Tags : Financial crisis, RBI measures |
FM holds high level meeting on financial crisis |
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| New Delhi: Finance Minister P Chidambaram on Wednesday held a meeting at his North Block office with key regulators and policy makers, including Planning Commission Deputy Chairman Montek Singh Ahluwalia, on the current financial situation and to discuss further measures to tackle it. The meeting assumes significance in the backdrop of a slew of measures taken by RBI and government to inject liquidity into the cash-starved system. Government and RBI have reiterated that further steps would be taken, if required, to stabilise the economy.
The meeting was attended by Reserve Bank of India (RBI) Governor, D Subbarao, Securities and Exchange Board of India (SEBI) Chairman, C B Bhave, RBI Deputy Governor, Rakesh Mohan and former RBI governor, C Rangarajan among others.
On Friday, Chidambaram had said that RBI would continue to deploy both conventional and unconventional tools, when the central bank announced mid-term review of credit policy. The apex bank would infuse more liquidity, if necessary, he said, adding that RBI would continue to use the liquidity adjustment facility window with flexibility. |
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