RBI not worried over slowdown in credit growth

MUMBAI: The Reserve Bank on Tuesday said that it is not worried over a slowdown in credit growth and that credit growth is "where it wanted it to be".
   
The Reserve Bank is closely watching the global monetary developments and the money supply "very carefully", RBI Governor Y V Reddy told on the sidelines of a banking conference here.

"We are monitoring carefully monetary aggregates as we mentioned in the monetary policy. A major issue exercising our mind relates to monetary aggregates and liquidity," Reddy said.

On capital flows, Reddy said that "every country has to respond to the capital flows with its own measures".
   
The RBI Governor said that domestic factors in the Indian economy were on expected lines.

"Most macro-economic indicators are moving on expected lines," he said, adding global uncertainties were, however, unlikely to settle down in the near term, he added.