RBI has role in managing inflation: Montek

RBI has role in managing inflation: Montek
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First Published: Tue, Jun 24 2008. 01 24 PM IST
Updated: Tue, Jun 24 2008. 01 24 PM IST
New Delhi: The Reserve Bank of India (RBI) has a role to play in taming inflation, which has touched a 13-year high, the deputy chairman of India’s Planning Commission said on Tuesday.
Montek Singh Ahluwalia also said the economy could maintain an annual average growth rate of 9.0% in the medium term but high oil prices posed major difficulties.
“Inflation is a problem. No doubt monetary policy has a role to play,” Ahluwalia told reporters, but did not elaborate.
The commission charts out India’s five-year economic plans.
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First Published: Tue, Jun 24 2008. 01 24 PM IST