Chennai: Amidst indication of a hardening of interest rates, the Reserve Bank of India (RBI) deputy governor Dr Rakesh Mohan today (July 8,2004) said that there was no change in its view on interest rates. "There is no change in RBI's (Reserve Bank of India) view on interest rates. There is no change from what we had mentioned in our annual policy statement," Dr Mohan told reporters in Chennai.

The RBI deputy governor said that there was also no change in its stance on inflation. "There is no change in our view now from what we mentioned in the annual policy document," he said. Mohan is in Chennai to attend RBI's board meeting.