Fri, 27 Sep 2013 10:17:03 GMT
RBI Governor is about to change inflation measure
Raghuram Rajan, the Reserve Bank of India Governor, is determined to apply consumer-price inflation instead of currently used wholesale-inflation gauge, signaling plausible advance in interest rate. The RBI makes price pressure number one priority as in August consumer based measure climbed 9.2% year-on-year and 8.2% excluding food and fuel.