Rajan meets Jaitley ahead of monetary policy review
August 01, 2014  18:16
Days ahead of bi-monthly monetary policy review, Reserve Bank Governor Raghuram Rajan today met Finance Minister Arun Jaitley to discuss economic issues.

"I caught up on economic issues with the Finance Minister," Rajan said after the meeting here. The RBI is scheduled to announce its third bi-monthly Monetary Policy Review on August 5. When asked about stock markets plunging today, Rajan said: "We are not immune to what is happening in world markets."

The BSE benchmark index Sensex today plummeted by 414.13 points to end the day at 25,480.84 points. There is a widespread expectation that the RBI is likely to maintain status quo in the policy review.
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