Search
      Channels
  News
  Home Loans
  Commercial Loans
  Insurance
  Credit Cards
  Calculators
  NRI Center
     Investment
  Mutual Funds
  Stock Research
  Market Tools
  Special Reports
  Fund Focus
  Company Focus
  Sector Focus
  Interviews
     Services
  Greetings
  Message Board
Partners
Home -> Finance -> Full Story
RBI projects 6 to 6.5 % growth in current fiscal
Thursday, June 13 2002 17:22 Hrs (IST)

New Delhi: Reserve Bank of India on June 13 projected an economic growth of 6 to 6.5 per cent for the current financial year and said there was enough liquidity in the system to take care of industrial recovery.

"We still expect a rate of growth of 6-6.5 per cent and we hope this will happen," Bimal Jalan, RBI Governor, told reporters after meeting Finance Minister Yashwant Sinha.

He said all the fundamentals were good including inflation, external sector and the market conditions.

Replying to a question, he said the liquidity condition in the market was good and bank rate would be adjusted if needed.

Asked about the impact of Indo-Pak border tension, he said there was nothing to worry about it and it would not factor into bank rate cut.

He said as a precautionary measure, security around banks and financial institutions was being tightened.

PTI