rediff.com: RBI can handle impact of conflict, says Jalan: Reuters



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RBI can handle impact of conflict, says Jalan

Reserve Bank of India Governor Bimal Jalan said on Thursday the bank was confident of handling any borrowing requirements that might be needed for military purposes during the current tension with Pakistan.

"I don't know whether it (borrowing) will increase or not but we are absolutely confident of handling any government borrowing requirement without disturbing the market," Jalan told Reuters when asked what economic impact the tension with Pakistan was having on India.

Jalan, attending a South Asian central bank governors meeting in Colombo, declined to say how much the tensions with Pakistan were costing the Indian economy.

Asked about interest rates, he said there was no change in policy.

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