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.

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.

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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%.