The Hindu Business Line : Inflationary pressures likely to moderate in coming months: RBI

THE uptrend in overall prices is expected to moderate in the coming months with the easing of oil prices, improved rabi crop prospects and reduction in money supply, according to the Reserve Bank of India's report on currency and finance, 2003-04.

The report, released today, said inflationary pressures are expected to moderate in the coming months, consistent with the projections made by the RBI in the mid-term review of its annual policy in October. The RBI had revised its inflation projection to around 6.5 per cent, assuming that there would be no major supply shocks and liquidity conditions remain manageable.

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