E-Paper
Pressure on prices continues, says FM
Finance Minister P Chidambaram says there is still pressure on prices, but monetary measures have started having an impact on the growth of money supply.
Updated on: Jul 17, 2008 2:31 PM IST
Share via
Copy link
Finance Minister P Chidambaram on Thursday said there is still pressure on prices, but monetary measures have started having an impact on the growth of money supply.
"I met RBI Governor Y V Reddy. Governor said there is still pressure on prices ... I am in broad agreement with him," Chidambaram told reporters after the Cabinet meeting in New Delhi.
RBI chief informed the Finance Minister it would take some time before the monetary measures start showing effect on prices.
Chidambaram's comments came a few hours before the release of the fresh data on inflation for the week ended July 4.
The inflation has already come close to the 12 per cent mark.
Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. Explore now!
Stay updated with all top Cities including, Bengaluru, Delhi, Mumbai and more across India. Stay informed on the latest happenings in World News along with Delhi Election 2025 and Delhi Election Result 2025 Live, New Delhi Election Result Live, Kalkaji Election Result Live at Hindustan Times.
Stay updated with all top Cities including, Bengaluru, Delhi, Mumbai and more across India. Stay informed on the latest happenings in World News along with Delhi Election 2025 and Delhi Election Result 2025 Live, New Delhi Election Result Live, Kalkaji Election Result Live at Hindustan Times.
