Ready to revisit ideal inflation target of 4-5%, says Subbarao

RBI Governor Duvvuri Subbarao has said the Reserve Bank is ready to revisit the ideal inflation target of 4-5 per cent, which many feel is too low to attain given the current scenario.”I am not saying that we would definitely change the number, but we will certainly revisit our strategy,” Subbarao said during a panel discussion on the occasion of the silver jubilee celebrations of the RBI-promoted Indira Gandhi Institute of Development Research here over the weekend.At a panel discussion on the ‘Country’s economic prospects,’ Subbarao was prodded by his predecessor Y V Reddy to have a relook at…

Full Story Ready to revisit ideal inflation target of 4-5%, says Subbarao

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