Subbarao meets FM ahead of policy

New Delhi: RBI Governor D Subbarao, who will announce the quarterly monetary policy on January 29, discussed the prevailing macro-economic situation with Finance Minister P Chidambaram. “Our next quarterly review policy is scheduled for Tuesday. As per standard practice, I have come to review macro economic situation with the Finance Minister,” he told reporters after the meeting here.  The third-quarter monetary policy review is keenly watched by the industry as well as the market because the central bank has not lowered the key interest rate (repo rate) since March on concerns of inflation.