Inflation in a better situation by Sept: SBI chief
Says supply side constraints which are there are getting addressed
image for illustrative purpose
Bengaluru: State Bank of India's (SBI) Chairman Dinesh Khara on Tuesday said that things might get better on the inflation front towards the end of September.
He said the supply side constraints getting addressed and crude oil prices trending low will help ease the situation.
"Inflation the recent numbers which came out was 6.7. Going forward the way things are - the supply side constraints which are there are getting addressed, so the situation should be improving going forward," he said in response to a question.
Speaking to reporters here on Tuesday, Khara said one of the important factors of inflation is crude oil prices, and with them also trending lower, it will also support the inflation to be further tapered down.
"Overall expectation is that, maybe towards the end of September things might look to be even better as compared to what you are seeing (now)," he added.
The SBI chairman was speaking to reporters after announcing the launch of the bank's state-of-the-art dedicated branch for start-ups in Bengaluru.
