RBI may take more steps to curb inflation: Chakrabarty

Thursday, December 30, 2010
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Bangalore: The Reserve Bank of India (RBI) today said inflation is always concern and hinted at taking more steps to check it. "Inflation is always a concern", RBI Deputy Governor K C Chakrabarty said. Asked if the RBI is expected to take more measures to cool down inflation, he said: "RBI has already taken the measure. If the Reserve Bank feels the measure is not adequate, they (RBI) will take more measures." On pointing out that the RBI had earlier hinted at "pause" vis-a-vis its measure regarding inflation, Chakrabarty said: "Pause does not mean halt. You need to distinguish between pause and halt. Pause is not a halt." Speaking to reporters after inaugurating a "Grameena Vikas Kendra" (branchless banking unit) of Corporation Bank at Mallohalli village in Bangalore Rural district, he also said he does not believe liquidity is a problem.
Source: PTI
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