RBI may agree on release of monthly inflation data
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The Reserve Bank is expected to give up its opposition to the proposal of a monthly compilation and release of inflation data, with D Subbarao moving to the central bank from the Finance Ministry, which was open to the idea of a shift in the time table of the Wholesale Price Index.
RBI had opposed the release of inflation data on monthly instead of weekly basis whereas most of the other ministries and departments had supported the shift. The Finance Ministry was also initially not too keen on the move because of the resistance from the RBI.
RBI had opposed the release of inflation data on monthly instead of weekly basis whereas most of the other ministries and departments had supported the shift. The Finance Ministry was also initially not too keen on the move because of the resistance from the RBI.
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