The Reserve Bank of India will take into consideration the inflation data while making the first quarter monetary policy review later this month, said RBI Governor D Subbarao.
Reserve Bank today said it will take into account the inflation numbers, which rose in June to 4.86 percent after four months of decline, while formulating the first quarter monetary policy review due later this month.
Also read: June WPI inflation at 4.86%; food inflation up
Chidambaram is also scheduled to participate in the G20 meeting of finance ministers and central bank governors to be held in Moscow on July 19 and 20.
READ MORE ON reserve bank of india, rbi, d subbarao, inflation, wpi, cpi, monetary policy, mid quarter policy review, july 30
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