India's central banker the Reserve Bank of India on Friday said it will unveil the annual credit policy for 2009-10, on April 21. The credit policy is expected to provide further stimulus to the economy. It is also significant as it comes amid fears of further deterioration in the global economy and its consequent impact on the country.
RBI Governor D Subbarao in the fourth quarterly review of he monetary policy on March 4 had said that RBI on its part would continue to maintain ample liquidity in the system.
The central bank, since mid-September, came out with series of steps to inject liquidity into the system and signaling cut in lending rates to boost demand and industrial growth.
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