Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / Policy/  Will not pre-judge whether rate hike needed: Pranab
BackBack

Will not pre-judge whether rate hike needed: Pranab

Will not pre-judge whether rate hike needed: Pranab

Premium

New Delhi: Finance minister Pranab Mukherjee on Monday said inflationary pressures are coming from the supply side and that the full impact of the central bank’s rate hikes on inflation had yet to be seen.

Finance minister also told reporters that he would not prejudge whether a further rate hike from the Reserve Bank of India is needed. Mukherjee said he expects headline inflation to ease to 6% by March 2011.

India’s annual headline inflation eased slightly in October to its lowest in 10-month, a figure that may allow the central bank to keep rates steady in coming months despite price rises still at uncomfortably high levels.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 15 Nov 2010, 02:13 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App