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March 16, 2002 | 1500 IST
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RBI chief says outlook for inflation good

Reserve Bank of India chief Jalan said on Saturday the inflation outlook remained "very good" in the months ahead despite a recent increase in international oil prices.

"It's very good. Months ahead, we don't see any problem of any kind," RBI governor Bimal Jalan told reporters when asked about the impact on the inflation rate from rising oil prices.

But Jalan declined to comment on whether the central bank would announce a cut in its key bank rate.

India's inflation rate measured by the wholesale price index has been hovering around historical lows during the past three months, mainly because of stable energy prices and sluggish economic demand conditions.

The inflation rate stood at 1.32 per cent in the week to February 23.

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