Singapore markets closed
  • Straits Times Index

    3,236.08
    +10.63 (+0.33%)
     
  • S&P 500

    3,933.92
    -7.34 (-0.19%)
     
  • Dow

    33,597.92
    +1.58 (+0.00%)
     
  • Nasdaq

    10,958.55
    -56.34 (-0.51%)
     
  • BTC-USD

    16,825.90
    +10.87 (+0.06%)
     
  • CMC Crypto 200

    395.17
    -6.87 (-1.71%)
     
  • FTSE 100

    7,486.85
    -2.34 (-0.03%)
     
  • Gold

    1,795.40
    -2.60 (-0.14%)
     
  • Crude Oil

    72.77
    +0.76 (+1.06%)
     
  • 10-Yr Bond

    3.4080
    0.0000 (0.00%)
     
  • Nikkei

    27,574.43
    -111.97 (-0.40%)
     
  • Hang Seng

    19,450.23
    +635.41 (+3.38%)
     
  • FTSE Bursa Malaysia

    1,465.93
    -0.95 (-0.06%)
     
  • Jakarta Composite Index

    6,804.23
    -14.52 (-0.21%)
     
  • PSE Index

    6,525.16
    -149.22 (-2.24%)
     

India cenbank official: infrastructure spending can curb supply-side inflation

FILE PHOTO: A man walks behind the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai

NEW DELHI (Reuters) - An Indian central bank official said on Thursday that a focus on spending on infrastructure would help the country contain long-term, supply-side inflation.

Sitikantha Pattanaik, an executive director at the Reserve Bank of India, was speaking at an event in New Delhi.

Ashima Goyal, a member of India's Monetary Policy Committee, told the event that uneven rainfall in some regions could impact crop output and may not augur well for inflation.

(Reporting by Aftab Ahmed; Writing by Krishna N. Das; Editing by Peter Graff)