The Reserve Bank’s accommodative policy stance has served the country well although its approach is different from the one taken by other central banks, RBI’s deputy governor Michael Patra said on Friday.

Patra made these comments while responding to some views that the RBI is behind the curve given rising inflation which has led to central banks tightening monetary policies. On Wednesday, the US Federal Reserve signalled that it will hike interest rates from March.

The RBI is expected to announce its monetary policy next month where it is expected to again continue with the accommodative stance, though some experts feel it could raise the reverse repo at which surplus liquidity is mobilised from banks.

“Only time will tell whether or not India has got it right but so far, this approach has served us well and helped in charting a course into the future which is different from the world,’’ Patra said
He was speaking at an event in Hyderabad.