Inflation pretty much contained: Chidambaram | Latest News India - Hindustan Times
close_game
close_game

Inflation pretty much contained: Chidambaram

None | ByPress Trust of India, Paulo Alto, California
Oct 25, 2006 11:10 PM IST

Inflation can be kept below five per cent, he told reporters after delivering a speech at Stanford University.

Finance Minister P Chidambaram has said inflation in India, which remained at a three-month-high of 5.16 per cent in the first week of October, is "pretty much contained".

Inflation can be kept below five per cent, he told reporters after delivering a speech at Stanford University in California on Tuesday.

HT Image
HT Image

On interest rates, he said: "Speaking generally, I think that industry would be very happy with benign interest rates." The Finance Minister declined to comment on the current level of RBI rates, a Bloomberg report said.

Hindustan Times - your fastest source for breaking news! Read now.

The three-month-high inflation rate of 5.16 per cent has put pressure on RBI to increase interest rates.

The central bank is slated to come out with the quarterly review of its credit and monetary policy on October 31.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Mukhtar Ansari Death News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On