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Inflation dips below 5 pc for the first time in 2007
Friday, June 08, 2007 www.ptinews.com
(
Finance
)
For the first time in eight months, inflation fell below the five per cent mark to stand at 4.85 per cent for the week ended May 26 from 5.06 per cent in the previous week, as food items and some manufactured products turned cheaper.This would ease pressure off the RBI to further tighten monetary policies, even as the burden from excess liquidity in the system continues, analysts said.
Tags :
Inflation
RBI
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