The Reserve Bank of India has said that controlling inflation remains it's priority. Talking to TV Channels, the RBI Governor Raghuram Rajan said that the Central Bank will wait for next set of data on inflation and industrial growth before taking a call on interest rates. The government will release the next set of data on inflation and industrial growth in January. Mr Rajan had increased the key interest rate twice by 0.25 per cent each in successive monetary polices, but refrained from hiking it further at its 18 th December mid-quarter monetary policy review despite high inflation. The repo rate is currently 7.75 per cent.Retail inflation climbed to a nine-month high of 11.24 per cent in November, while wholesale price inflation rose to a 14-month high of 7.52 per cent last month. The next policy review is scheduled on28th January.
News On AIR | December 23, 2013 7:04 PM
Controlling inflation remains our priority: RBI