Possibility of inflated export numbers small: RBI

MUMBAI: The possibility of the country's export numbers being inflated is small, Reserve Bank of India Governor Subbarao said on Tuesday.

A report in the newspaper Economic Times on Monday had said the sharp rise in India's exports to Bahamas in the last fiscal year has raised doubts over the "veracity" of the export numbers.

Governor Subbarao was speaking at the post policy meeting with media persons on Tuesday.

India's central bank raised interest rates on Tuesday for the 13th time since early 2010 to battle stubbornly high inflation but signalled it may end the tightening cycle that has put it at odds with peers more concerned about weak global growth.