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Article: Inflation stays at 0.61 per cent, rate cut on the anvil.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 28, 2009
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Inflation stays at 0.61 per cent, rate cut on the anvil
New Delhi, May 28 (PTI) Inflation remained unchanged at 0.61 per cent for the week ended May 16 in comparison to the previous week, giving head room to the government to initiate expansionary measures.
Inflation stood at 8.66 per cent during the same week a year ago.
"Inflation is already reasonably down. There has been a little bit improvement ... So you know, we have some leverage," Finance Minister Pranab Mukherjee had said yesterday during his first interaction with the media after taking charge earlier this week.
He, however, did not spell out measures that the government is ...