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Commodities key risk to FY12 fiscal deficit target: Gokarn

On the sidelines of the Citi Conference, the deputy governor of the apex bank Subir Gokarn says policy decisions are always made keeping in mind the newsflow emanating across the globe. He further adds that commodities like oil will continue to remain a key risk to India's FY12 fiscal deficit target.

June 08, 2011 / 16:14 IST
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The Reserve Bank of India has raised policy rates nine times since March 2010 citing inflation as a key concern. Investors have factored in another 25 basis point hike in the June 16, 2011 credit policy meet. India, at present, has increased downside exposure to the Eurozone

TAGS: #Citi conference #Economy #food inflation #Reserve Bank of India #Subir Gokarn #wholesale price index
first published: Jun 8, 2011 01:11 pm

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