RBI chief says current account deficit remains high

India's current account deficit remains high, the chief of the Reserve Bank of India said on Thursday.

Duvvuri Subbarao, speaking at a press briefing, said it was difficult to say how long the external problems affecting the rupee would persist.

India's current account deficit hit a record 4.8 percent in the last fiscal year and has been a key parameter for the RBI while setting monetary policy.