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Inflation to hover at 5-6% in FY09: ICRA

	May 05, 2008

Even as the RBI reports 16 professional forecasters estimating the average rate of growth for the Indian economy for 2008-09 at 8.1%, rating agency Icra’s forthcoming issue of Money & Finance puts the growth rate at a slower 7.8%. Its macroeconomic outlook expects inflation to hover above the acceptable threshold of 4-5%. “The outlook for 2008-09 appears to be persistence of inflation rates that are above the acceptable threshold—possibly between 5% and 6%,” it has said. Money & Finance expec ...