Food and fuel inflation eased in late-February, but remained at elevated levels, maintaining the case for further monetary tightening to keep a lid on headline inflation. Shankar Acharya, ICRIER feels that there are signs of inflation coming down but RBI is under pressure to raise rates to combat the huge price.
In an interview to CNBC-TV18, Acharya said that inflation is likely to be at around 6-7% in the year.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
