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Finance Minister P. Chidambaram will address the Central Board of Directors of the Reserve Bank of India (RBI) on Friday.
This will be a customary post-budget address and will take place in the Capital, sources close to the development said.
Already, Chidambaram has signalled that he expects the RBI to further bring down the interest rates.
On the same day, Chidambaram will also address the Board of Securities and Exchange Board of India (SEBI). This will also be a customary post-budget meeting, it is learnt.
Budget proposals
Budget 2013-14 has come out with a slew of announcements and policy reform steps to be carried out by SEBI in the coming days. The proposals are intended to simplify the registration process for foreign institutional investors and enable more foreign inflows into the equity and debt markets.
Indications are that Chidambaram will provide guidance to the SEBI board on how to take forward the measures announced in Budget 2013-14.
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