rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » RBI will consider inflation data for policy review: Subbarao

RBI will consider inflation data for policy review: Subbarao

July 15, 2013 18:24 IST

The Reserve Bank of India (RBI) will take into account the inflation figures while reviewing its monetary policy later this month, the central bank governor said on Monday.

"Of course we will take into account inflation numbers. Beyond that I have no comment," Duvvuri Subbarao told reporters after a meeting with Finance Minister P. Chidambaram.

The bank is due to review the monetary policy on July 30.

Earlier, government data showed the headline inflation -- measured by the wholesale price index -- quickened to 4.86 percent in June, snapping a four-month easing trend.

Manoj Kumar in Mumbai
Source:
© Copyright 2014 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.