Inflation continues to remain high and needs to be brought down to " more acceptable" levels of 5% or less, Subbarao said here, while noting that the challenge was to calibrate interest rates to control inflation and support economic growth at the same time. The Reserve Bank is scheduled to review its monetary policy on September 17. RBI raised policy rate 13 times or 3.75% between March 2010 and October 2011 in its bid to bring down inflation.........
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