Inflation still primary concern: RBI
Mumbai, Dec 8, 2012, PTI : 21:30 IST
Ahead of the mid-quarter review of the monetary policy on December 18, RBI Deputy Governor Subir Gokarn on Friday said inflation continues to be the primary concern for the central bank.
His comments come amid growth in the second quarter falling to 5.3 per cent in July-September period, triggering demands for a rate cut by RBI to boost the economy.
“One action is not necessarily going to make the difference. But there are risks associated as well,” Gokarn said, adding inflation continues to be the primary concern of the monetary policy.
At the last policy announcement, RBI had left the short-term lending rates unchanged at 8 per cent.