Inflation not our only focus, says RBI

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The Reserve Bank of India (RBI) governor said on Saturday that the bank could not just focus on inflation given growth concerns.

The RBI governor Duvvuri Subbarao also said that the large government borrowing influences monetary policy.

At its policy review on January 29, the RBI raised banks' cash reserve requirements by 75 basis points to 5.75% but left benchmark lending and borrowing rates unchanged at 4.75% and 3.25% respectively.