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No change in inflation stance at the moment: RBI
By agencies
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Friday, 14 July 2006, 19:30 IST
NEW DELHI: The Reserve Bank on Friday said there is no change in its stance on inflation, which it has projected to be 5-5.5 percent this fiscal.
"There is no change in our stance on inflation from what we had stated in our annual policy," RBI Deputy Governor Rakesh Mohan, who met Finance Ministry officials ahead of RBI's quarterly policy review on July 25 said.
He, however, said that RBI's exact views on inflation would be known in its coming policy review.
"You will know our view about inflation in our quarterly policy review," Mohan said.
Inflation rose to 4.96 percent for the week ended July 1 as manufactured items like metals, chemicals and textiles became costlier, along with some non-food products.