The Reserve Bank of India (RBI) governor Bimal Jalan expects inflation to soften from the second quarter of the current fiscal and has ruled out the possibility of a change in repo rates.
Later in the day at an interactive seminar Jalan said that RBI was trying to make sure that adequate credit was available for all and was also working towards reducing variation of spreads on which the central bank was presently working.
Putting at rest all apprehension, the RBI governor while talking to reporters after the board of directors meeting here in Kolkata today said,
