In other news: Ahead of the RBI's central board meet, the central bank chief Raghuram Rajan today met Finance Minister P Chidambaram and is understood to have discussed economic issues.

"Our meeting was part of regular interaction that takes place between RBI and Finance Ministry," Rajan said after his hour long meeting with the Minister and Economic Affairs Secretary Arvind Mayaram.

The Central Board of Reserve Bank will meet in Raipur tomorrow to discuss key economic and financial developments. The RBI board meets at least once every quarter.