RBI chief says haven't moved to targeting inflation

MUMBAI Fri Mar 21, 2014 12:26pm IST

Reserve Bank of India (RBI) Governor Raghuram Rajan attends a joint news conference with India's Finance Minister Palaniappan Chidambaram (not pictured) in New Delhi March 7, 2014. REUTERS/Adnan Abidi/Files

Reserve Bank of India (RBI) Governor Raghuram Rajan attends a joint news conference with India's Finance Minister Palaniappan Chidambaram (not pictured) in New Delhi March 7, 2014.

Credit: Reuters/Adnan Abidi/Files

Related Topics

MUMBAI (Reuters) - Reserve Bank of India Governor Raghuram Rajan said on Friday the central bank has not yet moved to an inflation target, and was still exploring the suggestions on the subject drafted by a panel with the government.

A panel headed by Reserve Bank of India deputy governor Urjit Patel recommended in January moving to an inflation target, with an aim to eventually bring down consumer-price based inflation to 4 percent with a 2 percent band on either side.

"We haven't moved to inflation targeting as yet," Rajan said at an event in Mumbai.

(Reporting by Neha Dasgupta)

FILED UNDER:

Economic Pulse

REUTERS SHOWCASE

Banking Sector

Banking Sector

India's laggard state lenders face tough sell on capital raising plan  Full Article 

Trade Deal

Trade Deal

WTO postpones trade deal by a day after last-minute objection.  Full Article 

Falling Oil Prices

Falling Oil Prices

Saudis signal no push for oil cut as market to "stabilise itself"  Full Article 

Raising Stake

Raising Stake

Nippon Life to raise stake in Reliance Capital fund unit  Full Article 

Sterilisation Camps

Sterilisation Camps

Sterilisation targets remain in all but name, critics say  Full Article 

Share Buyback

Share Buyback

Samsung Electronics to buy back $2 billion in shares  Full Article 

Bird Flu Scare

Bird Flu Scare

India orders culling after bird flu outbreaks in Kerala.  Full Article 

Microsoft in China

Microsoft in China

Microsoft to pay China $140 million for 'tax evasion'   Full Article 

Flashback: 26/11

Flashback: 26/11

The three-day attack in November 2008 left 166 dead.  Slideshow 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage