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RBI to be Free to Use Policy Instruments: Subramanian

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RBI to be Free to Use Policy Instruments: Subramanian
New Delhi: 

The Reserve Bank of India will be free to use the instruments at its disposal to steer monetary policy under a new inflation targeting regime agreed with the finance ministry, the ministry's economic adviser Arvind Subramanian said on Monday.

The RBI will have freedom to use its instruments for monetary transmission, Mr Subramanian told reporters after the central bank and the government struck a pact to shift to a policy framework based on targeting consumer price inflation.

© Thomson Reuters 2015

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