 "New monetary policy framework to be out by Jan 2015")
New Delhi: India will unveil a new monetary policy framework by the end of January 2015, a finance ministry official told reporters on Tuesday.
The official, who did not wish to be named, said the government will set the new inflation target which will be implemented by a monetary policy panel.
In January, a Reserve Bank of India panel headed by deputy bank governor Urjit Patel recommended a policy framework that would lead to 6 percent consumer price inflation by 2016.
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