New Delhi, December 14: Amid expectations that RBI would pause rate hike spree in its policy review on Thursday, the Government today attributed the 11-month low inflation of 7.48 per cent in November to prudent fiscal, monetary policies.
However, it also stressed upon the need for not straying off the course.
“These inflation figures show that we have done well in terms of our monetary and fiscal policies. It is, however, important for us to stay on the planned path of policy,” said Finance Minister Pranab Mukherjee.
He added that only items which showed substantial price rise include safflower, coir fibre and copra, which form small part of total basket of commodities and hence have minimal impact on overall inflation.
–Agencies