Monday, November 29, 1999

Greek crisis not to hit India in long term - RBI

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The impact of the Greek crisis on India will not be severe in the long term, and the high manufacturing prices will be considered for policy-making, a Reserve Bank deputy governor said on Monday."Long-term perspective impact is not going to be severe on India as this crisis will not be disruptive to global growth," Subir Gokarn said."Of course this is based on the assumption that it will be managed properly, sooner than later."(Reporting by Niladri Bhattacharya)(For more business news on Reuters Money visit http://www.reutersmoney.in)
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