New Delhi: The objective of the Reserve Bank to keep inflation low is critical, Subir Gokarn, a deputy governor at the Reserve Bank of India said on Friday. The RBI has raised rates 11 times since March 2010 to combat high inflation, which quickened to 9.44 percent in June. India’s industrial output growth jumped in June above forecasts, reinforcing expectations the central bank will continue to raise interest rates despite fears of the impact of a fragile global economy.
Firstpost
No comments:
Post a Comment