'RBI to take monetary measures to check inflation' | business | Hindustan Times
Today in New Delhi, India
Jul 28, 2017-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

'RBI to take monetary measures to check inflation'

Finance Ministry says it expects RBI to take monetary measures to help tame the inflation, which has soared a 13-year high of 11.05 per cent.

business Updated: Jun 21, 2008 18:50 IST

Finance Ministry on Saturday said it expects RBI to take monetary measures to help tame the inflation, which has soared a 13-year high of 11.05 per cent.

"We expect RBI to take some monetary measures," Finance Secretary D Subba Rao told reporters in New Delhi.

He said RBI Governor Y V Reddy had detailed discussions with Finance Minister P Chidambaram and later met Prime Minister Manmohan Singh.

However, Rao said that the inflationary pressures are likely to continue for next few months because of base effect.