Inflation to touch 13-14% by Oct: ABN Amro

Inflation is likely to touch the 13-14 per cent mark by October before beginning to soften, a top banker said. "Inflation is likely to touch the 13-14 per cent mark by October, but it may soften after that," ABN Amro Bank's India chief, Meera Sanyal, told reporters. She said that despite a slowing down in crude oil prices, inflation in the country was likely to touch the 13-14 per cent mark by October. On ABN Amro Bank's rebranding into RBS, Sanyal said that the bank was in constant discussions with the Reserve Bank on the matter, accoriding to media reports.