HYDERABAD, 7 JUNE: Ahead of its mid-quarter policy, the Reserve Bank today said its monetary actions in the coming months will be determined by the monsoon outlook and its impact on inflation.
“And most importantly we also chase monsoon like millions of farmers across the country. So, the monsoon outlook, the monsoon performance is going to be the important factor in determining the RBI policy in the next three months,” RBI Governor Mr D Subbarao said while delivering a lecture at a function organised by Institute of Public Enterprise here.
As per the Indian Meteorological Department (IMD) prediction, monsoon is expected to be normal this year. pti