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High inflationary pressure a key concern: RBI panel

The Reserve Bank of India (RBI) has released the minutes of the technical panel meet that was scheduled to discuss the January monetary policy.

February 22, 2011 / 08:10 PM IST

The Reserve Bank of India (RBI) has released the minutes of the technical panel meet that was scheduled to discuss the January monetary policy on January 19.
 
According to the panel, inflation pressure in December has been a serious concern. Moreover, the panel expressed concerns over high current account deficit as the panel felt that it is not sustainable.


One of the panel members favoured 50 bps hike in interest rate, while most preferred 25 bps. Another member wanted a hike in SLR, whereas one suggested CPR hike.


The technical committee showed concern on high inflationary pressure and felt that inflation will be a major risk going forward.

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