Inflation and forex market conditions are expected to weigh on the Reserve Bank decision as it reviews monetary policy later this week, PMEAC Chairman C Rangarajan said on Monday.
“All that I can say is that the RBI, I believe, will take into account the behaviour of inflation as well as what is happening in the foreign exchange market and take a decision,” he said on the sidelines of an Assocham organised event here.
The RBI is scheduled announce mid-quarter review of the monetary policy for 2013-14 on September 20.
Inflation, based on the Wholesale Price Index, for August rose to 6.10 per cent from 5.79 per cent in July, as per the official data released today. It was 8.01 per cent in August last year.
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