RBI may revise upwards FY10 growth forecast

RBI may revise upwards FY10 growth forecast
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First Published: Thu, Dec 03 2009. 11 19 AM IST
Updated: Thu, Dec 03 2009. 11 19 AM IST
New Delhi: The Reserve Bank of India (RBI) is likely to revise upwards the economic growth forecast for the current fiscal year to March when it reviews policy in January, its deputy governor Usha Thorat said on Thursday.
She also said money supply in the current year has been showing slower growth.
The central bank at its last review in October forecast economic expansion of 6% with an upward bias.
On Monday, government data showed the economy grew at its fastest pace in 18 months at 7.9% in the quarter through September.
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First Published: Thu, Dec 03 2009. 11 19 AM IST
More Topics: RBI | Growth | Economy | GDP | India |