Monday, June 14, 2021
HomeUncategorizedRBI Chief says next few quarters will be engaged in combating inflation

RBI Chief says next few quarters will be engaged in combating inflation

RBI-ChiefReserve Bank of India Governor Raghuram Rajan said on Tuesday the next few quarters would be engaged in combating inflation.

India’s wholesale price inflation hit a five-month high in May, and prospects of weak summer monsoon rains and turmoil in Iraq have increased the risk of rising food and fuel prices.

In May, wholesale prices rose a faster-than-expected 6.01 per cent as a 19 per cent increase in potato prices during the month pushed up food inflation to 9.50 per cent from 8.64 per cent in April.

Most Popular

- Advertisment -