"I think we need to look at statement made by RBI Governor during the last policy review where he had stated that RBI is closely monitoring inflation figures and if there is dramatic change in inflation figures then RBI will take that in to consideration during its next review," Department of Economic Affairs Secretary Arvind Mayaram said in New Delhi.
"So, we do believe that RBI would look at this figure (inflation coming below 5 per cent in April)," he said.
RBI is scheduled to announce mid-quarter review of monetary policy for 2013-14 on June 17.
Inflation fell to 41-month low of 4.89 per cent in April on account of decline in prices of food items, including
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