Rupee appreciated against US dollar

The effectiveness of the policy measures in place was visible as the economy showed signs of further improvement with interest rates adjusting downwards albeit with a lag, and private sector credit picking up during the last quarter of 2013.


In January 2014, inflation continued to remain at single digit levels for the 60th consecutive month, and is expected to remain comfortably at these levels throughout 2014 supported by well managed demand conditions and improved domestic supply.