Government and RBI together will contain the rising inflation

Attributing the inflation to global price pressures Finance Minister Pranab Mukherjee today assured that the government and RBI together will be able to contain the rising inflation.

The inflation in the country currently has reached 9.78 % in the month of August. A 0.56% increase from the 9.22% in the previous month.

On September 16, Reserve Bank of India (RBI) will be announcing its monetary policy review. India Inc is anxiously waiting for RBI's reaction to the soaring inflation. Previously the central bank had increased the bank rates successively in an effort to contain the rising inflation