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Given the current inflationary pressures, the RBI should be able to maintain inflation within the projected 5-5.5 per cent, said the Governor, Dr Y.V. Reddy. "Greater vigilance and greater attention is required for price stability, but we should be able to control inflation at 5-5.5 per cent." Headline inflation crossing 5 per cent was not entirely unexpected, Dr Reddy said. There is some element of short-term supply shock in some commodities. Inflation is subject to monsoon and global factors, he said.

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