RBI: will keep to calibrated policy exit

HYDERABAD: Inflation is getting more generalised and demand-side pressures are building, but a calibrated exit from loose monetary policy remains the central bank's stance for now, Governor Duvvuri Subbarao said on Friday.

He was speaking to reporters on the sidelines of a conference in the southern Indian city of Hyderabad. On Thursday, central bank deputy governor K.C. Chakrabarty and top government adviser C. Rangarajan had said they were concerned about soaring prices, moving bond yields off day lows as investors saw a greater chance of an early interest rate hike despite a slight easing in food and fuel price inflat