Reserve Bank of India (RBI) deputy governor Subir Gokarn, who is in charge of monetary policymaking, has ruled out any central bank action immediately after the Union Budget on 26 February and ahead of RBI’s annual monetary policy review in April, unless there is a dramatic slowdown globally. In an interview on Saturday, he also said exit from monetary stimulus “is not an event and it is a process” that started in October with an increase in banks’ statutory liquidity

Reserve Bank of IndiaPost Policy Conference CallFebruary 1, 2010 Ms. Killawala: Welcome to the first ever post policy teleconference from RBI. I am Alpana Killawala from Department of Communication. I have with me today Dr. Subbarao who is the Governor of Reserve Bank of India and the Deputy Governor, Mrs. Shyamala Gopinath; Mrs. Usha Thorat; Dr. K. C. Chakrabarty; and Dr. Subir Gokarn. Today’s one hourconference will be largely for participants from India and abroad

“Reserve Bank of India Post Policy Conference Call” January 25, 2010 Alpana Killawalla We welcome you all to this press conference, which we will be joined by the regional officers through the teleconference facility. My request is whenever you ask questions, please state your name and affiliation. So I will hand over to Governor. Thank you. D. Subbarao Thank you Alpana. On my own behalf, I want to welcome all of you once again to this post policy press conference. As