Indian economy would marginally be impacted by the global slowdown and government would do its best to mitigate the impact. The impact of the global slowdown may increase with time but country has not felt the indirect knock-on effect of the global crisis so far. It is said by the chairman of RBI who was speaking in the sidelines of a seminar on "Mitigating spill-overs and contagion — lessons from the global financial crisis." on Thursday.

He expressed satisfaction on the declining rate of inflation and hoped that it would soon come within the comfortable zone prescribed by the Reserve Bank. The apex bank is facing a serious challenge to ensue balance between growth of economy and price rising. Inflation is slashing while growth rate is moderating, following the fiscal measures taken by the government.

The RBI chief said that the bank would take more monetary measures to ease the liquidity problems in the financial system. The bank has already taken many measures for smooth credit flow to productive sectors, exports and small and medium enterprises (SMEs). The bank had also announced various measures for mutual funds and non-banking finance companies (NBFCs) in the wake of the financial crisis.