BASEL - Inflation in India should moderate in the coming months and the central bank will ensure interest rate levels do not have a negative impact on the competitiveness of the economy, the head of Reserve Bank of India said on Monday.
"I believe that inflation will moderate in the weeks and months ahead," RBI Governor Duvvuri Subbarao told reporters in Basel.
Subbarao declined to comment on possible interest rate moves in the future, but said that the central bank would ensure that their levels would not have any negative impact on the competitiveness of the economy.
