October 2, 2010 7:05 AM EDT
India needs to make appropriate policy responses so that the high inflation rate seen in recent months does not get entrenched, Reserve Bank of India (RBI) Executive Director Deepak Mohanty said in a speech released on the central bank's website on Friday.
"Even if the trigger for inflation is from supply side, its persistence necessitates monetary policy responses to bring the inflation rate back to its trend and anchor inflationary expectations," Mohanty said in the speech.
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