India cbank chief says inflation still running high

Last Updated: Sat, Nov 17, 2012 19:03 hrs

MUMBAI, Nov 16 (Reuters) - India's inflation rate of 7.5 percent is still high, the central bank governor Duvvuri Subbarao said on Friday, adding the central bank was on alert to manage both growth and inflation.

India's headline inflation rose 7.45 percent in October, data on Wednesday showed, unexpectedly easing to its slowest pace in eight months.

Subbarao was speaking on the sidelines of a banking summit in the western Indian city of Pune. (Reporting by Neha Dasgupta; Writing by Subhadip Sircar; Editing by Rafael Nam)

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