Good monsoon will further ease pressure on inflation: Government
Given that the crude oil, edible oil and fertiliser prices are now easing, government feels that inflationary pressures could reduce further. Also good monsoons could further ease the pressure on inflation.
Official sources have indicated that government has been taking steps to curb inflation, in consultation with Reserve Bank of India.
Given that the crude oil, edible oil and fertiliser prices are now easing, the government feels that inflationary pressures could reduce further. Also a good monsoon could further ease the pressure on inflation.
CNBC-TV18 also learns that the government is comfortable with present levels of current account and trade deficits.
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