'Inflation to remain under control'

RBI Deputy Governor says inflation is expected to remain under control and RBI is working towards it, reports BS Srinivasalu Reddy.

Inflation is expected to remain under control, and the Reserve Bank of India (RBI) is working towards keeping the same in the 4-4.5 per cent range in the medium term, RBI Deputy Governor Rakesh Mohan said.

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The economy is more resilient to absorb shocks from domestic as well global factors now, than it was about 10 years ago, he added.

"Inflationary expectations are to be better anchored now. Inflation has come down from an annual average of 9-10 per cent in 1991-92 to below 5 per cent now," Mohan said.