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RBI Deputy Governor Subir Gokarn said that the soft monetary policy can not be ended in an instant, and it should be done gradually. Gokarn told reporters on Saturday that the second quarter growth rate of 7.9 percent staggering statistics should not be the sole reason for determining monetary policy. Between food price inflation and manufactured products different are indicated. univer export Gokarn said on the sidelines of FICCI seminar 'When you talk of exit strategy initiatives, you make it a gradual process that should be viewed not as a process occurring at a time. Growth rate statistics can be only one reason. " The thing to note here is that in the third week of November, food inflation has crossed 17 percent, while overall inflation in October was just 1.34 percent. Gokarn said, 'Here you are seeing considerable variation. It would not be fair to say that we are looking at just 1.34 per cent, not 17 percent. " Gokarn agreed that the focus of the central bank not only hinges on boosting economic growth, economic growth and inflation but also to prevent his focus now is on balance. RBI Deputy Governor univer export said that he would ensure that economic growth and the inflationary pressure is not affected univer export if it is not out of control. In September last year after the collapse univer export of Lehman Brothers in the U.S. since the financial crisis began, the RBI had taken several measures to increase liquidity univer export in the market. RBI monetary policy review in October, the first time the symbolic gesture was to withdraw the measure. univer export Gokarn also said that better statistics since the second quarter economic growth forecast for the current fiscal year may be extended. When asked whether the RBI projected increase economic growth, he said it is possible. (Language)
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