Inflation is still very high and unacceptable: Pranab Mukherjee
Headline inflation for August rose to 9.78%, its highest level in more than a year, data showed on Wednesday.
Inflation in India is still "very high and unacceptable," Finance Minister Pranab Mukherjee told reporters on Saturday.Headline inflation for August rose to 9.78%, its highest level in more than a year, data showed on Wednesday.Mukherjee also said he expects lending to farmers to be in excess of 5 trillion rupees in the 201112 fiscal year.The Reserve Bank of India, on Friday, lifted its key lending rate, called the repo rate, by 25 basis points to 8.25%, in line with expectations, as it persisted its fight with inflation.