You are here: Rediff Home » India » Business » Report
Search: The Web
  Discuss this Article   |      Email this Article   |      Print this Article

Oil prices put pressure on inflation
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
January 24, 2006 13:11 IST

Concerned over continuing upward spiral in global oil prices, Reserve Bank of India [Get Quote] on Tuesday warned that the inflation risk remained high and will persist well into 2006.

The consequent rise in domestic prices of LPG and kerosene could push up inflation in 2006-07, the central bank stated in the third quarter review of the Monetary Policy.

The Monetary and Credit Policy 2005-2006

However, it retained inflation projection at 5-5.5 per cent.

It also indicated a pick up in aggregate demand getting stronger with some manageable spill over into the external sector in the form of widening trade and current account deficits.

© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2008 India Limited. All Rights Reserved. Disclaimer | Feedback