Rangarajan sees inflation below 7%, backs rate cuts | business | Hindustan Times
Today in New Delhi, India
Sep 26, 2017-Tuesday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Rangarajan sees inflation below 7%, backs rate cuts

With improvement in food price situation, Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan favoured rate cuts by the Reserve Bank and hoped headline inflation, too, will fall below the projected 7% by March- end.

business Updated: Jan 05, 2012 23:14 IST

With improvement in food price situation, Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan favoured rate cuts by the Reserve Bank and hoped headline inflation, too, will fall below the projected 7% by March- end.

Rangarajan said that the economic growth forecast for the current fiscal would be around 7%. "I expect headline inflation could come down even below 7%by March-end," he told reporters on the sidelines of a function here.