Current regime of low inflation likely to sustain for longer period: RBI

RBI Deputy Governor R Gandhi said that the current regime of low inflation is likely to sustain for a longer period.

Delivering MR Pai Memorial Lecture in Mumbai, Gandhi said inflation is currently at a low level and this time around it will be possible to sustain inflation at lower levels for years to come.

Consumer-price based inflation has been on a downward trend for the past five months, while WPI has been declining for the last nine months.

In July, WPI was at minus 4.05 per cent, while CPI came in much lower than expected at 3.78 per cent.

The Deputy Governor also said that RBI is in the process of finalising names of entities that will be granted small finance bank licences.

As many as 72 entities/persons have applied for these licences and the final names are expected within 3-4 weeks.