'Inflation at a manageable level', says finance minister Nirmala Sitharaman

Speaking at the annual day function of regulator IBBI, Sitharaman, who is also the corporate affairs minister, said: "We are in an era of robust economic activities".

Published: 01st October 2022 07:36 PM  |   Last Updated: 01st October 2022 07:36 PM   |  A+A-

FM Nirmala Sitharaman

FM Nirmala Sitharaman (Photo | PTI)

By PTI

NEW DELHI: Finance minister Nirmala Sitharaman on Saturday said inflation is at a manageable level.

Her comments came a day after RBI hiked its interest rate by 50 basis points to tame inflation.

"Inflation is at a manageable level," she said here.

On Friday, RBI retained its inflation projection for FY23 at 6.7 per cent amid geopolitical concerns triggered by the Russia-Ukraine war and expected inflation to be under control from January.

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The central bank is mandated to keep retail inflation in a band of 2-6 per cent. Inflation has remained above RBI's upper tolerance level of 6 per cent since January 2022. Last month, inflation touched 7 per cent.

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Speaking at the annual day function of regulator IBBI, Sitharaman, who is also the corporate affairs minister, said: "We are in an era of robust economic activities".



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