Lagatar24 Desk
New Delhi, Feb 14: Central bank president Shaktikanta Das on Monday stated that India’s January inflation rate is likely to be closer to the upper end of the central bank’s goal band of 6%, but that this should not cause concern.
Das made the remarks following a post-budget meeting with the country’s finance minister and the board of the central bank.
According to a Reuters poll, India’s retail inflation likely rose to 6.0 percent in January, owing to higher consumer goods and telecom prices, as well as a comparatively low rate a year before.
He also stated that the Reserve Bank of India is working on the country’s borrowing programme for the coming fiscal year, as well as the country’s inclusion in global bond indexes.
