RBI to act on price stability says Mohan

The Reserve Bank of India will take all possible monetary measures to maintain price stability, deputy governor Rakesh Mohan said on Wednesday 14 March.

He told an investor seminar the RBI would focus on liquidity management, saying a reasonable amount of sterilisation of excess cash was needed to achieve desired monetary growth.

"Maintenance of macroeconomic stability and financial stability is important to us," Mohan said.

"We will take all possible monetary actions to maintain price stability