RBI board meet concludes; next meeting likely on Dec 14

November 19, 2018 20:18

The much-awaited meeting of the Reserve Bank of India's board of directors on Monday has concluded.

The meeting was expected to push for a settlement on contentious issues that have created a rift between the regulator and the government.

RBI deputy governor Viral Acharya had in a speech last month talked about the independence of the central bank, arguing that any compromise could be "potentially catastrophic" for the economy.

Addressing an event in New Delhi on Saturday, finance minister Arun Jaitley said that growth must not be throttled by limiting credit availability and liquidity.

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