The Reserve Bank of India entered another phase of coordinated action between fiscal and monetary authorities to control inflation, Governor Shaktikanta Das said on Monday, as he added that the measures announced by the Union government will have a sobering impact on inflation.
Das, speaking to CNBC TV18, said that the inflation projection will be realistically given in the next monetary policy committee meet due to take place in June.
The inflation rate last year came down several times to near 4 per cent, Das said, adding that the RBI's target was to tolerate it up to 6 per cent.
The recovery of