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Rising rupee not a tonic for inflation, warns Dr Reddy

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    • ENS Economic Bureau Tags : Posted: Thursday , Apr 26, 2007 at 0155 hrs

    Cabinet Committee on Prices meets today

    NEW DELHI: The Cabinet Committee on Prices, chaired by Prime Minister Manmohan Singh, will meet tomorrow to review the steps taken by the government and RBI to contain inflation, which has again crossed the 6 per cent mark. The CCP is meeting two days after the Reserve Bank announced its annual monetary policy, leaving key interest rates untouched and projecting a 5 per cent inflation rate for fiscal 2007-08.

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