Business Standard

RBI deputy says WPI not only variable for monetary policy

Although the Reserve Bank of India's main gauge of inflation remains wholesale prices, the central is also increasingly looking at consumer inflation

C K Chakrabarty, RBI deputy governor

Reuters Mumbai

The RBI will look at other variables, and not just the wholesale price-based inflation, when deciding monetary policy at its review on June 17, Deputy Governor K. C. Chakrabarty said on Wednesday.

Although the Reserve Bank of India's main gauge of inflation remains wholesale prices, the central is also increasingly looking at consumer inflation and other variables such as the current account deficit when determining policy.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 05 2013 | 2:39 PM IST

Explore News