India RBI - Easier liquidity policy boosts econ

INDIA - The Reserve Bank of India Deputy Governor Y.V. Reddy said Wednesday that the bank will continue to follow its easier liquidity policy to boost the economy.

Reiterating that the government's borrowing program was almost complete, and any slippages will be within acceptable limits, Reddy said the central bank could follow a policy of easier liquidity which could stimulate the economy.

The Indian government has so far borrowed 1.217 trillion rupees ($1=INR48.2750) in the current fiscal yea