RBI may trek policy rates as Inflation moves at 8.62%
Geared up by elevated prices of important items, inflation enthused up to 8.62 per cent in the month of September, with experts expressing that it shall induce the RBI to trek its short-range borrowing and lending rates at subsequent month's policy evaluation.
Though, this is the next successive month where in which the complete inflation has hanged about in the solitary digit. It had stayed above 10 per cent for five months till the month of July.
In the month of August inflation was 8.51 per cent. The July month’s figure, in the meantime, has been amended uphill to 10.31 per cent from interim approximation of 9.97 percent.
Today in addition, food inflation statistics published by the government depicted a marginal augment of 0.13 percentage points to 16.37 per cent for the week closing October 2, on elevated prices of milk and vegetables.
Expressing his worries over the inclining prices, Finance Minister Pranab Mukherjee, said that handling inflation has been one of his major confronts.