BANKING
| RBI stands by end-March inflation forecast Thu, 18 Feb 2010 10:08:38 GMT |
| Teh Economic Times RBI stands by end-March inflation forecast 18 Feb 2010, 1538 hrs IST, REUTERS PATNA: The Reserve Bank of India (RBI) stands by its end-March inflation forecast of 8.5 per cent, and expects current inflation to moderate by July, Governor Duvvuri Subbarao said on Thursday. "It is difficult to precisely predict the roadmap or calibration of inflation number," he told reporters in the eastern Indian city of Patna. "But taking into account the situation at the end of January and looking ahead to the evolving situation we said 8.5 pct by the end of March and we stand by that number," he added. |
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