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Home / Business News / Inflation outlook highly uncertain: RBI Governor Das  

Inflation outlook highly uncertain: RBI Governor Das  

Headline inflation may remain firm in the first half of the year and may ease in second half.

business Updated: May 22, 2020 11:23 IST
Press Trust of India | Posted by: Shivani Kumar
Press Trust of India | Posted by: Shivani Kumar
New Delhi, Delhi, India
Das said government revenues have been impacted severely due to the slowdown in economic activity amid the pandemic.
Das said government revenues have been impacted severely due to the slowdown in economic activity amid the pandemic.(PTI)

Reserve Bank Governor Shaktikanta Das on Friday said the inflation outlook is highly uncertain due to the outbreak of the Covid-19 pandemic and expressed concern over elevated prices of pulses.

Also read: RBI extends loan moratorium by additional 3 months

He also said there is a need to review import duties to moderate prices.

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Headline inflation may remain firm in the first half of the year and may ease in second half. Inflation may fall below 4 per cent in the third or fourth quarter of the current fiscal, according to the Governor.

Further, Das said government revenues have been impacted severely due to the slowdown in economic activity amid the pandemic.

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