Rajan says next few quarters will be engaged in combating inflation

Reserve Bank of India Governor Raghuram Rajan said on Tuesday the next few quarters would be engaged in combating inflation.

India's wholesale price inflation hit a five-month high in May, and prospects of weak summer monsoon rains and turmoil in Iraq have increased the risk of rising food and fuel prices.

In May, wholesale prices rose a faster-than-expected 6.01% as a 19% increase in potato prices during the month pushed up food inflation to 9.5% from 8.64% in April.