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