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Available on  gplay  » Business » Rajan yet to firm up anti-inflation steps

Rajan yet to firm up anti-inflation steps

March 21, 2014 12:43 IST

Image: RBI Governor Raghuram Rajan.
Photographs: Reuters 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.

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