rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Rajan yet to firm up anti-inflation steps

Rajan yet to firm up anti-inflation steps

March 21, 2014 12:43 IST

Rajan yet to firm up anti-inflation steps

More
Neha Dasgupta in Mumbai

Reserve Bank of India Governor Raghuram Rajan said on Friday the central bank has not yet moved to an inflation target, and was still exploring the suggestions on the subject drafted by a panel with the government.

A panel headed by Reserve Bank of India deputy governor Urjit Patel recommended in January moving to an inflation target, with an aim to eventually bring down consumer-price based inflation to 4 percent with a 2 percent band on either side.

"We haven't moved to inflation targeting as yet," Rajan said at an event in Mumbai.


Image: RBI Governor Raghuram Rajan.
Photographs: Reuters

Source:
© Copyright 2013 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.