.......Rajan, who has been under fire for keeping the interest rates high for long, explained that in the face of bottlenecks on supply sides, the RBI is seeking to keep some control over the demand side by keeping the interest rates high. "We're saying let us keep interest rates to control demand but also bring inflation down steadily without a dramatic disinflation over a quarter or so. It also means we have to keep interest rates (high) till such time as we have high inflation," he said........
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