Ahead of the January inflation readings later this week, Reserve Bank Governor D Subbarao on Monday said the price rise index which slowed to a three-year low of 7.18 per cent in December, is “still high.” “If you take the macroeconomic context today, you find that growth has moderated, inflation has come off the peak, but even at 7 plus per cent, it is still high,” he said while addressing the convocation of the RBI-promoted Indira Gandhi Institute of Development Research here...............
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