RBI Annual Report confident of credit growth

INDIA - The Reserve Bank of India (RBI), in its annual report for 2001-2002 released Friday, has said that the overall stance of the monetary policy for 2002-03 would be on the provision of adequate liquidity to meet credit growth and support investment demand in the economy, while keeping a vigil on the movements in the price level.

The report says that the RBI will continue with its present stance on interest rates, including its preference for soft interest rates.

The central bank plans to

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