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Capital Market Live News
Jun 21 2008 2:35PM
FM says no need for panic on inflation

Regarding the runaway rise in inflation, Finance Minister P Chidambaram today, 21 June 2008, said there is no room for panic and promised more measures both from the government and the Reserve Bank of India (RBI) to stem prices.

A surge in inflation to a 13-year high of 11.05% in early June 2008 came as a rude shock to stock and bond markets. The inflation data was released by the government during trading hours yesterday, 20 June 2008. According to the government, the surge in inflation was mainly due to increase in retail fuel prices.

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