Reserve Bank of India Deputy Governor, K C Chakrabarty today said that inflation is a difficult situation but "manageable".
"Inflation-wise, it is a difficult situation, but then manageable," Chakrabarty told reporters at a banking event here.
Earlier this week, RBI Governor D Subbarao had said that the monetary policy management has become difficult because of a surging inflation and the demand for supporting growth.
RBI is set to announce its monetary policy on January 25 and is expected to hike the rates to arrest high inflation.
Explore Business Standard