With inflation closing in on the 5% mark, Finance Minister P Chidambaram today said the government was trying to keep the priceline below that level in the current fiscal."Our tolerance for inflation has come down. We have to have inflation at tolerable levels," he said while pointing out that import of wheat and pulses had been allowed with a view to keep prices of essential commodities under check.Inflation rose to 4.92% during the week ended August 12 as against 4.82% during the previous week.Ample liquidity is being provided to soften the impact of hardening global interest rates, he said."Hardening of global interest is not in our control. What we are doing is to ensure ample liquidity so that the impact of hardening interest rates is softened," he said.
