Tax cuts on fuel improve inflation outlook: RBI guv

On course for 9.5% Growth Target, Global Headwinds a risk.

The governor said that there was already a rebalancing of the liquidity in the money markets but as long as the central bank maintained its accommodative stance, funds would be surplus. “Prices of energy steel and commodities have gone up but there is a sense among analysts that they have peaked. We except it will be in line with our projection of 5.3% as positive developments emerging from petrol/ diesel cut have not been factored in” he said. Shaktikanta Das however cautioned against global developemnts.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close