‘Monetary policy actions likely to be moderate ‘

New Delhi, June 24

RBI Deputy Governor Michael Debabrata Patra on Friday exuded confidence that the monetary policy actions will be more moderate than the rest of the world, as inflation is expected to fall below 6% in the January-March quarter of the current fiscal.

Speaking at a session on ‘Geo-Political Spill-overs and Indian Economy’ at PHDCCI here, Patra said there are indications that inflation may be peaking.

“As monetary policy works through into the economy…inflation is expected to fall back into the threshold in the fourth quarter of the current fiscal and fall even further in the next year. This is only the baseline scenario,” he said.