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RBI’s goal is to balance growth, inflation: Raghuram Rajan

LiveMint logoLiveMint 27-05-2014 PTI

New Delhi: Reserve Bank of India governor Raghuram Rajan said on Tuesday fighting inflation would continue to be a top priority, although the central bank will also aim to strike a balance between promoting economic growth and containing inflation.

Rajan was speaking to reporters after meeting new finance minister Arun Jaitley in the capital.

“It’s absolutely a task that the government and the RBI are engaged with,” Rajan said when asked if curbing inflation was going to be one of the biggest tasks for the government and the RBI.

But Rajan also added: “RBI has always maintained the balance between growth and inflation.”

On the current account deficit, which sharply narrowed to 1.7% of GDP in 2013-14, Rajan said “yesterday’s (Monday’s) number was very healthy”.

When asked about easing of curbs on gold imports, the governor said: “You will see policies as they are rolled out”.

PTI contributed to this story.

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