Jaya Ho!

But try this for political meanness. When Jayalalithaa addressed a mammoth public meeting in...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
RBI’s monetary policy depends on inflation in Dec: Rangarajan

New Delhi: Exerting that food prices are still at high levels, the prime minister's economic panel today said that the Reserve Bank of India's (RBI) decision to tighten monetary policy further will depend on inflation (behaviour) in the month of December, reports PTI.

“Reserve Bank of India will decide (on monetary action) depending on behaviour of inflation in the month of December,” PM Economic Advisory Council chairman C Rangarajan told reporters here.

He further said that he expected wholesale price inflation to fall between 5.5%-6% by March 2011 from 8.62% in September this year.

Mr Rangarajan also said that there could be decline in food prices in the coming month.

In a bid to tame inflation, the RBI had earlier this month increased its short-term lending (repo) and borrowing (reverse repo) rates by 25 basis points to 6.25% and 5.25%, respectively. This was the sixth time in this fiscal that the apex bank had raised key lending and borrowing rates to cool inflationary pressures in the economy.

User

Nest Eggs

Don’t depend only on your bank if you want to shop for any financial product. Do your homework...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)