The Finance Ministry on Tuesday hailed the Reserve Bank of India’s monetary policy announcement, stating that it was on expected lines and a “balanced policy call”.
The RBI has maintained a balance between its inflation focus and its growth push, Economic Affairs Secretary Shaktikanta Das said in a tweet.
On the whole, it is a very balanced approach, especially given the US Fed policy that is round the corner, Das added.
Das highlighted that November was a “grand reforms month” given the spate of decisions taken by the policymakers last month.
First came the gold schemes (November 5). Then came the big liberalisation in FDI policy (November 10). The RBI on Monday (November 30) announced liberalisation of external commercial borrowing (ECB) norms.
On Monday, market regulator SEBI took some major steps, including providing exit options to dissenting shareholders and enabling listing of bourses.