Subbarao meets FM amid inflation woes

With food inflation rising to a 10-year high, the Reserve Bank of India (RBI) and the finance ministry today discussed the macroeconomic situation and the monetary policy stance. The meeting assumed significance, as this would decide the course of action by RBI to combat rising inflation.

RBI Governor D Subbarao met Finance Minister Pranab Mukherjee and other ministry officials here to discuss the country’s macroeconomic scenario.