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Inflation still high; bond yields rise: Subbarao

Reserve Bank of India governor D Subbarao acknowledged on Thursday that inflation remains high, while also saying curbing inflation remained the central bank's most important task.

business Updated: Jul 11, 2013 14:23 IST
Reuters

Reserve Bank of India governor D Subbarao acknowledged on Thursday that inflation remains high, while also saying curbing inflation remained its's most important task.

Subbarao added the RBI has been able to curtail inflation to some extent in the last two years, in a speech at a village in Indore.

The comments on inflation being high sent benchmark 10-year bond yield up 3 basis points to 7.50%.

First Published: Jul 11, 2013 14:21 IST