India inflation likely to exceed top of RBI band until December, governor says

India inflation likely to exceed top of RBI band until December, governor says

India inflation likely to exceed top of RBI band until December, governor says Register now for FREE unlimited access to Reuters.com MUMBAI, June 24 (Reuters) - India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said in an article in the Times of India on Friday. "We are well on track to bring down inflation and inflation expectations. Until December, CPI is expected to remain higher than the upper tolerance level. Thereafter, it is expected to go below 6% as per our current projections," Das said. Retail inflation eased marginally in May, after touching an eight-year high of 7.79% in April, but remained above the central …
More on: www.reuters.com