RBI To Announce First Quarter Policy Review On July 27

RBI To Announce First Quarter Policy Review On July 27Amidst hectic pressure on refreshing key rates to put control on rising inflationary figures, the country's central banking institution (RBI) declared that the first quarter review of the policy for the fiscal 2010-11 will be carried out by Governor D Subbarao on July 27.

RBI, which had already suggested that double digit inflation is a cause of worry, is to take a call on revision of its key rates.

Before the conference, the central bank would on July 12 hold a meeting with the bankers to draw out their opinion on the persisting economic as well as monetary situation. (With Inputs from Agencies)