Inflation would ease to 7-8% by December: C Rangarajan

Ahead of the Reserve Bank of India's monetary policy, scheduled for July 27, C Rangarajan, the chairman of the Prime Minister's Economic Advisory Council on Friday called for strong monetary policy action to combat high inflation. He also said that Whole Price Index inflation would ease to seven to eight percent by December and would touch at 6.5 per cent by March 2011.