3 hours agoInflation today shot up to a 13-year high of 11.05 per cent fuelled by rise in prices of petrol, diesel and cooking gas. The rise in petrol, diesel and cooking gas prices announced by the government on June 4 put the pressure on price line pushing the ...
secretary D Subbarao said that monetary measures by RBI would be the first line of defence to contain the rise in inflationary pressure - RBI governor met finance minister P Chidambaram on Friday. Subbaro said that RBI is expected to take some measures soon. However, he refused to divulge the details saying that "it is up to the governor and the RBI to take monetary policy action". Economists feel that the RBI measures would be to increase interest rates to contain demand and curb the price rise. Subbarao, however, refused to accept that any rise in interest rate will affect the growth. He said price management will be a priority in a trade-off between growth and more..
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment