KOCHI: Reserve Bank of India primary concern is to maintain price stability, Governor Duvvuri Subbarao said on Tuesday. RBI raised interest rates last week for the eighth time in 12 months, in line with expectations, and warned both of inflationary pressures and emerging risks to growth. The fight to contain the relentless march of inflation, especially in food prices, has become the focus of RBI and the central government in past few months. India's wholesale price index rose an annual 8.31 per cent in February on higher fuel and manufactured product prices, well above Reuters forecast of 7.79 per cent and higher than January reading of 8.23 per cent.
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