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Inflation to ease from January: RBI

Source : IANS
Last Updated: Thu, Dec 06, 2012 12:00 hrs

Kolkata, Dec 6 (IANS) inflation is expected to come down from January next year, Reserve Bank of India Governor Duvvuri Subbarao said Thursday.

"We are expecting that inflation will come down from this fiscal's fourth quarter, which is starting from January," Subbarao told reporters after the central bank's board meeting here.

Asked whether the direct cash transfer scheme slated to start from January in 51 districts across the country would put pressure on headline inflation, he said: "We think that it will not spurt inflation."

He said the RBI will consider the growth-inflation trajectory on Jan 29 in its quarterly review and will decide then on its monetary policy.

"It (inflation) has come down from its peak, but at 7.50 percent, inflation is still high," Subbarao said, indicating that RBI would leave the policy rates unchanged at the Dec 18 mid-quarter review.

India's inflation fell to an eight-month low of 7.45 percent in October.



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