C. Rangarajan, Chairman of Prime Minister’s Economic Advisory Council, said on Thursday that the country’s headline inflation might moderate to six per cent in 2013-14.
“Some adjustments have been made in administering prices; it is good from the medium-term point of view. I expect the inflation rate to come down to the region of 6 per cent in the next fiscal,” Rangarajan told newspersons here today on the sidelines of a conference organised by the Indian Institute of Foreign Trade.
Responding to a query on the measures likely to be adopted by the Reserve Bank of India in its forthcoming policy, Rangarajan said: “I think RBI will wait for the price data that will come in a few days and that will be the key factor in determining its action in the next policy but the recent decisions of the Government have really contributed towards containing the fiscal deficit.”
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