High inflation a cause for worry: RBI Deputy Governor

Subscribe to Oneindia News

Mumbai, June 17 (ANI): Reserve Bank of India (RBI) Deputy Governor K C Chakrabarty on Thursday said high inflation is a cause of worry for the Central Bank and it would take policy actions as per the changing economic environment.

"If things change fast, there will be more measures depending upon the environment," said Chakrabarty, adding that the measure was aimed at easing the liquidity conditions in the system.

Further referring to buy back government securities, he said that the measure was aimed at easing the liquidity conditions in the system.

Earlier on Wednesday, Finance Minister Pranab Mukherjee said that if changes in monetary police were required, the Reserve Bank of India (RBI) would adjust it.

Mukherjee said that India would have crossed double-digit figures of growth had the global financial crisis not struck in 2008-09.

The wholesale price-based inflation surpassed 10 percent in May, thereby putting pressure on the central bank to hike the policy rates. (ANI)

Please Wait while comments are loading...