U.S. Markets open in 8 hrs 26 mins

RBI says may ease cash tightening measures in calibrated way

A customer hands a bundle of rupee currency notes to a teller at a financial institution in Mumbai July 2, 2013. REUTERS/Vivek Prakash/Files

REUTERS - It is now possible to contemplate easing exceptional cash tightening measures in a calibrated manner, the Reserve Bank of India said in its policy review on Friday.

The central bank unexpectedly raised its policy interest rate by 25 basis points on Friday, but rolled back some of the measures it had implemented to support the battered rupee.

(Reporting by Swati Pandey in MUMBAI; Editing by Sunil Nair)