Finance minister P Chidambaram on Tuesday said the recent rise in the yield on government securities (G-secs) was temporary and the rates could moderate with the help of “some measures the RBI (Reserve Bank of India) will take”.Speaking to reporters at a press meet following the launch of the Bharatiya Mahila Bank, the minister indicated that if food inflation moderates in November (he hoped it would), a conducive RBI policy could be enabled. Headline inflation had risen to an eight-month high of 7% in October, even as food inflation eased a bit to 18.19%.

Source : http://www.financialexpress.com/news/yields-to-moderate-says-fm-hints-at-rbi-action/1196993

Advertisements