Reserve Bank of India (RBI) Governor Yaga Venugopal Reddy at a banking conference in Mumbai on Tuesday (27 November 2007) informed that domestic factors in the economy which affect the real economy are on anticipated lines although global uncertainties would be resolved later rather than sooner.The governor noted that broadly credit growth is closer to what RBI wanted it to be and away from what it is uncomfortable with.The central bank was watching for any spillover from global financial woes into India's economy.
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