|
 |
| |
| |
High Food Prices Could Force RBI’s Hand |
| |
 |
| |
Food prices moderated slightly but still rose nearly 19% annually in mid-December, and it is feared that food inflation could drive overall inflation as growth picks up and capacity related issues emerge. There is one point of view that the RBI would wait until January to gauge inflationary pressures before deciding on any rise in interest rates.It is believed that the central bank could first raise the cash reserve ratio (CRR) for banks by 50 basis points next month. This could be the trigger for a correction in coming days. |
| |
Back |
| |
|
|
|
 |
|
