Duvvuri Subbarao, the head of Reserve Bank of India said on Saturday there is room for monetary easing but it is limited, and there were upside risks to inflation resulting from food and commodity prices.
Sbbarao told reporters in Moscow that he saw the current account deficit rising this year from last year's 4.2 percent of gross domestic product.
|Gold Rate in Chennai||Rs. 27770.00 (0.47%)|
|Gold Rate in Mumbai||Rs. 28260.00 (0.43%)|
|Gold Rate in Delhi||Rs. 27800.00 (-0.71%)|
|Gold Rate in Kolkata||Rs. 28190.00 (0%)|
|Gold Rate in Kerala||Rs. 27200.00 (0.55%)|
|Gold Rate in Bangalore||Rs. 27050.00 (-4.42%)|
|Gold Rate in Hyderabad||Rs. 27740.00 (-0.32%)|