Highlights of Mid-term Review of Annual Policy for the year 2004-05
Stance of Monetary Policy
The overall stance of monetary policy for 2004-05 will be provision of appropriate liquidity to meet credit growth and support investment and export demand in the economy, while placing equal emphasis on price stability.
RBI to pursue an interest rate environment that is conducive to macroeconomic and price stability, and maintaining the momentum of growth.
RBI to consider measures in a calibrated manner, in response to evolving circumstances with a view to stabilising inflationary expectations.
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