The Hindu Business Line : `RBI will aim to contain inflation at 5-5.5 pc '

BOARD MEETING: (From right) Dr Rakesh Mohan, Deputy Governor; Dr Y. V. Reddy, Governor; Mr A. K. Jha, Secretary, Economic Affairs; Mr V. Leeladhar, Deputy Governor; and Mr A. S. Ganguly, Member of the board, at the Central Board meeting of RBI in Kolkata on Thursday. - A. Roy Chowdhury

Kolkata , Dec. 21

The Reserve Bank of India Deputy Governor, Dr Rakesh Mohan, on Thursday said the central bank would aim at containing inflation in the 5-5.5 per cent range till the year-end.

This will be in line with the RBI's stated objectives.

Dr Mohan, who referred to a certain temporary tightness in the market, said the RBI would take steps to meet its objectives on the inflation front. It has recently increased the cash reserve ratio by 50 basis points.

The RBI Central Board, attended by the Governor, Dr Y.V. Reddy, met here on Thursday.

The apex bank, incidentally, is also of the view that recent developments in Thailand, which then had an immediate impact on the stock market, will not have a further impact in India.

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