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Need better understanding of poverty: Subbarao

Jan 20 2013, 00:38 IST
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SummaryHe said lower segments of the society, which spend a greater proportion of their budgets on food, were more concerned about high food inflation.

Ahead of the monetary policy review on January 29, RBI Governor D Subbarao on Saturday spoke of poverty and high food inflation in remarks interpreted as dashing hopes of a rate cut later this month.

He said lower segments of the society, which spend a greater proportion of their budgets on food, were more concerned about high food inflation.

“We need to improve our understanding of the poor and poverty,” Subbarao said in his introductory remarks at the first ‘Suresh Tendulkar Memorial Lecture’ here. RBI has kept key interest rates unchanged since April, 2012 .

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