RBI to take monetary measures to check inflation: FinMin
Finance Ministry on Saturday said it expects RBI to take monetary measures to help tame the inflation, which has soared a 13-year high of 11.05 per cent.
By PTI |
NEW DELHI: Finance Ministry on Saturday said it expects RBI to take monetary measures to help tame the inflation, which has soared a 13-year high of 11.05 per cent.
"We expect RBI to take some monetary measures," Finance Secretary D Subba Rao told reporters here.
He said RBI Governor Y V Reddy had detailed discussions with Finance Minister P Chidambaram and later met Prime Minister Manmohan Singh.
However, Rao said that the inflationary pressures are likely to continue for next few months because of base effect.
"We expect RBI to take some monetary measures," Finance Secretary D Subba Rao told reporters here.
He said RBI Governor Y V Reddy had detailed discussions with Finance Minister P Chidambaram and later met Prime Minister Manmohan Singh.
However, Rao said that the inflationary pressures are likely to continue for next few months because of base effect.
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