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RBI governor meets Jaitley

Ahead of the Reserve Bank of India’s policy review, governor Raghuram Rajan on Tuesday called on new Finance Minister Arun Jaitley and said both the government and the monetary authority are engaged with curbing inflation.

“It (curbing inflation) is absolutely a task that the government and the RBI are engaged with,” Rajan told reporters after the meeting, which lasted for about 50 minutes.

Soon after taking charge of the finance ministry on Tuesday, Jaitley stressed on the need of a “balancing act” to deal with the declining growth and high inflation.

“Absolutely, RBI has always maintained the balance between growth and inflation,” Rajan said, adding the central bank would continue to do so.

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