NIFTY  9,421.25  0.65%
  SENSEX  30,484.30  0.60%
 CURRENCY  Rs  64.73/$ 72.75/€, 84.05/£
  GOLD  28,709.00  -0.01%
  SILVER  39,902.00  0.18%
  DAX  12,642.90  -0.13%
  FTSE  7,514.90  0.40%
  CAC  5,341.34  -0.11%
  HANG SENG  25,428.50  0.10%
  NIKKEI  19,743.00  0.66%
  Shanghai Composite  3,064.08  0.03%
  DOW JONES  21,012.40  0.36%
  NASDAQ  6,163.02  0.40%
  S&P 500  2,404.39  0.25%
NATIONAL LAW TRIBUNAL : Approves Insolvency Process Vs Shilpi Cable NATIONAL LAW TRIBUNAL : Insolvency Board To Suggest Expert In Shilpi Cable Case

RBI Needs To Rethink Inflation Policies: Surjit Bhalla

Video:

Play this video

September 18: ZyFin Research's Surjit Bhalla says the reason for high inflation in India is almost entirely due to food prices. RBI needs to admit there has been a massive failure in addressing this inflation, he says, adding that non-food inflation is down to 1-2%. Monetary policy cannot address food inflation, he says, adding that the RBI must review its actions. He says recent RBI moves have already reduced bank borrowing rates and he expects the correction to continue.