A news by 4usnews:The Governor of the Reserve Bank of India, D. Subbarao, would indicate a mid-year review of monetary policy in India today.
Most bankers expect growth of tariff policy as inflation is still the question of fear among them.
Finance Minister Mukherjee said earlier on Monday that inflation remains a concern hinting that the RBI may take some measures to keep price hikes under control.
The Central Bank acknowledged that inflation is really higher level of comfort. “Inflation should slow further to alleviate the problems. He continues to be a priority in policy development.
Increased inflation remains a challenge for monetary policy, said a statement released on Monday, RBI.....
“Food inflation continues to remain high, despite a good monsoon and price pressures have increased for some non-food crops such as milk, eggs, fish and meat, whose output is less responsive to the monsoon, said the central bank. Food inflation has shot 13.75 for the week, which finished on October 16. It figures in the double digits since the last three months.
RBI skins that the slowdown in exports, capital inflows, as well as strengthening the exchange rate can act as major constraints.
Meanwhile, the central bank raised the repo rate at 1.25reverse repo rate at 1.75% and the ratio of cash back by 1.
While the market was hot in front of the review of the central bank. Sensex rose 19 points to 20,375 and the Nifty advanced by 1 point to 6118 in the morning at 9:20.......
