 Finance Minister P Chidambaram today said pressure on prices are still there. 
 "We have to wait till monetary steps (taken by the Reserve Bank of India) takes effect," Chidambaram said here.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>&#34We have to wait till monetary steps (taken by the Reserve Bank of India) takes effect,&#34 Chidambaram said here. Money supply has slowed down a bit and liquidity tightening is also seen, he added. </P>
</p><p class='TableClas'>&#34Government expects moderation (of prices) over a period of time,&#34 Chidambaram said, adding that RBI&#39;s assessment on inflation is fair and accurate. <BR></P></p><p class='TableClas'></p></table>


Pressure on prices still there: FinMin

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