GET Stock QuotesNews18 APP
News18 English
cricketnext
»
1-min read

RBI says Focused on Bringing Inflation Down to 4%

Rajan also warned that "room to cut policy rates can emerge only if inflation is projected to fall further," after consumer prices rose 6.07% in July, although the report noted the fall in prices outside of food and fuel were "a heartening development."

Reuters

Updated:August 30, 2016, 11:13 AM IST
facebookTwittergoogleskypewhatsapp
RBI says Focused on Bringing Inflation Down to 4%
RBI Governor Raghuram Rajan at a press conference after his last monetary policy review at the RBI headquarters in Mumbai on Tuesday. (PTI)

Mumbai: The Reserve Bank of India said on Monday its focus remains on bringing down consumer inflation to 4%, while managing cash conditions and cleaning up the banking sector of soured assets would be its other priorities.

"The short-term macroeconomic priorities of the Reserve Bank continue to be to focus on bringing down inflation towards the government-set target of 4%," central bank Governor Raghuram Rajan wrote in the foreword to its annual report published on Monday.

Rajan also warned that "room to cut policy rates can emerge only if inflation is projected to fall further," after consumer prices rose 6.07% in July, although the report noted the fall in prices outside of food and fuel were "a heartening development."

The annual report provides details on the RBI's thinking across a slew of topics. It will be the last one published under Rajan, who will be replaced by Deputy Governor Urjit Patel next month.

Read full article
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Axis Bank 491.65 -13.65 -2.70
Divis Labs 952.00 -18.25 -1.88
Rel Capital 631.10 -30.15 -4.56
Tata Steel 635.55 -18.45 -2.82
Reliance 809.00 -8.40 -1.03
Company Price Change %Gain
HCL Tech 878.30 -6.30 -0.71
Reliance Home F 114.55 +5.35 +4.90
Bharat Fin 915.00 -26.40 -2.80
Rel Capital 632.00 -29.55 -4.47
PTC India 120.90 -0.90 -0.74
Top Gainers
Company Price Change %Gain
Power Grid Corp 212.65 +3.10 +1.48
Tata Power 81.50 +1.10 +1.37
Cipla 592.00 +6.65 +1.14
HUL 1,251.60 +12.40 +1.00
Bharti Infratel 392.70 +2.70 +0.69
Company Price Change %Gain
Cipla 591.95 +8.15 +1.40
HUL 1,251.50 +11.95 +0.96
TCS 2,513.00 +10.65 +0.43
ICICI Bank 277.70 +0.60 +0.22
Dr Reddys Labs 2,462.85 +6.20 +0.25
Top Losers
Company Price Change %Gain
Indiabulls Hsg 1,174.05 -68.30 -5.50
Adani Ports 388.40 -12.80 -3.19
ACC 1,640.00 -48.30 -2.86
Tata Steel 634.00 -20.00 -3.06
Ambuja Cements 262.20 -7.70 -2.85
Company Price Change %Gain
Adani Ports 387.90 -13.35 -3.33
Tata Steel 634.50 -20.05 -3.06
Axis Bank 491.75 -13.30 -2.63
Lupin 991.35 -22.20 -2.19
BHEL 127.00 -2.75 -2.12

Live TV