By IANS,
Hua Hin (Thailand) : Prime Minister Manmohan Singh said Sunday that the monetary policy was the exclusive domain of the Reserve Bank of India (RBI) and expressed satisfaction with the country’s monetary and fiscal policies.
Asked to comment on the RBI governor’s suggestion to ease the monetary policy, Manmohan Singh told journalists here: “The monetary policy is the exclusive domain of the Reserve Bank.”
“It is not proper for me to comment on the monetary policy stance that should be adopted. These are matters on which the (RBI) governor is competent to take decisions.
“He does come and brief me from time to time. And I am satisfied that both the monetary and fiscal policies in our country are in line with our requirements,” the prime minister said.