Rate cut depends on inflation
Posted on: 01/Mar/2014 6:29:38 PM
C Rangarajan, chairman of Prime Minister’s Economic Advisory Council has stated that the interest rate cut will depend on the inflation numbers. The Reserve bank of India has scheduled its policy review for 1st April 2014. As of January, the inflation rate is lower by 5.05 per cent and this is because of the fall in price of food articles and especially vegetables. During December, the WPI was 6.61 per cent.
