The RBI Governor YV Reddy feels that the credit growth may slow down to 20% versus 21 % last year. He said he wants to contain the money supply to 16.5%. There is too much global uncertainty, he said in a Press Conference. Keeping inflation at 5% continues to be the RBI’s goal, he said. He expects to maintain overall financial stability. Price stability is a must for maintaining economic growth, he said. The GDP estimates are realistic' and not bullish or bearish, he said. However, the fiscal steps and RBI steps would take some time to impact inflation, he added.

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