Headline inflation seen easing to near 5%: FM
Quotes

Headline inflation seen easing to near 5%: FM

Last Updated: Thursday, November 21, 2013, 11:37
 
 Comment 0
 
Headline inflation seen easing to near 5%: FM
Singapore: The annual headline inflation is expected to moderate to near 5 percent as there was reasonable price stability in some major commodities, the finance minister said on Thursday.

P. Chidambaram made the comment in a lecture at the National University of Singapore.

India`s wholesale price index based headline inflation rose to an eight-month high in October at 7 percent, driven by costlier fuel and manufactured goods, raising the prospect of a fresh interest rate hike.

Chidambaram also said the fiscal deficit target of 4.8 percent of gross domestic product in 2012/13 would not be breached under any circumstances, even as many private economists say the deficit could cross the 5 percent mark.




Reuters

First Published: Thursday, November 21, 2013, 11:37


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved