Inflation data will be factored in RBI policy: Subbarao | Latest News India - Hindustan Times
close_game
close_game

Inflation data will be factored in RBI policy: Subbarao

IANS | By, New Delhi
Jul 15, 2013 07:23 PM IST

The Reserve Bank of India (RBI) will take into account the recent increase in inflation while formulating the policy later this month, Governor D. Subbarao said today.

The Reserve Bank of India (RBI) will take into account the recent increase in inflation while formulating the policy later this month, governor D Subbarao said on Monday.

HT Image
HT Image

"Of course, we will take into account the inflation numbers," Subbarao said after meeting finance minister P Chidambaram at his North Block office.

Hindustan Times - your fastest source for breaking news! Read now.

According to data released by the commerce ministry in Delhi, wholesale price based inflation snapped fourth months of easing trend and increased to 4.86 percent in June as compared to 4.7 percent in the previous month.

Asked whether the increase in inflation would prevent RBI from cutting rates, Subbarao said: "I have no comment."

The RBI is scheduled to announce policy review July 30.

Subbarao said he discussed with the finance minister the issues concerning the forthcoming meeting of the G20.

"I have come to discuss the G20 issues with the finance minister," Subbarao said.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On