News posted by www.newsinfoline.com
An inter-meeting policy rate hike will depend on volatility and wholesale price-based inflation is not beyond the Reserve Bank of India's estimates, a deputy governor of the central bank said on Thursday.K.C. Chakrabarty did not say what he meant by volatility, but his statement came in response to a question on accelerating inflation in recent months and data pointing to a strong growth momentum."If the volatility is more, if things change fast; yes, there will be more measures, it depends on how the environment is," he told reporters on the sidelines of a conference when asked about double-digit inflation.India's headline inflation unexpectedly accelerated in May, heightening expectations the RBI would raise rates before its scheduled July review despite concerns over Europe's debt crisis.The benchmark 10-year bond yield briefly rose 1 basis point after the comments to 7.56 percent. It had closed at 7.59 percent on Wednesday.(Reporting by Suvashree Dey Choudhury and Neha D'silva)
News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment