ID :
129549
Fri, 06/25/2010 - 00:48
Auther :
Shortlink :
https://oananews.org//node/129549
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INFLATION 2LST
Though food inflation is expected to remain at the
current level and the pressure on inflation is likely to be
added with possible hike in fuel prices, economists do not
expect any monetary action by RBI before its July 27 review.
Joshi said the current liquidity crunch is a temporary
problem, which going ahead will ease as the government starts
spending the money collected through 3G spectrum auction.
While Joshi expects RBI to increase its key policy rates
by 25 basis points on July 27 to check inflation, he and Sen
were of the view that where inflation is headed depended on
the monsoons.
The weather office has predicted near normal monsoon this
year, although it has been slow to advance since hitting the
Indian coast in late May. PTI
current level and the pressure on inflation is likely to be
added with possible hike in fuel prices, economists do not
expect any monetary action by RBI before its July 27 review.
Joshi said the current liquidity crunch is a temporary
problem, which going ahead will ease as the government starts
spending the money collected through 3G spectrum auction.
While Joshi expects RBI to increase its key policy rates
by 25 basis points on July 27 to check inflation, he and Sen
were of the view that where inflation is headed depended on
the monsoons.
The weather office has predicted near normal monsoon this
year, although it has been slow to advance since hitting the
Indian coast in late May. PTI
