RBI Guv says economy looking up but tight-lipped on spat with Fin Min

Urjit Patel appeared before a Parliamentary committee to talk about economic trends on Tuesday. The RBI governor said lower crude prices meant the economy will do well and felt the impact of demonetisation would be transient. He also told the panel bank credit is growing robustly but interestingly, declined comment when asked about the ongoing tussle with the Finance Ministry over autonomy. The Parliamentary panel will now meet between December 3rd and 5th on the IL&FS default issue.