By IANS,
Agartala: The Reserve Bank of India (RBI) is taking steps to check inflation and it will soon come down, RBI chief D. Subbarao said Thursday.
“Inflation would come down soon. The RBI, in its mid-quarter review on June 17, would assess the prevailing inflation and take suitable monetary measures as and when required,” Subbarao told reporters after the first-ever central board meeting of the apex bank here.
Saying that the RBI’s battle against inflation would be further intensified, the governor reiterated that if inflation is not checked, it would affect growth and common people would be its major victims.
To a question, he said the existing system of debt management office (DMO) should continue and it is working quite well.