By Khushita Vasant
MUMBAI -(MarketWatch)- India must use all policy tools to bring down rising prices and anchor inflationary expectations to a 4%-5% comfort zone, the chairman of the Prime Minister's Economic Advisory Council said Thursday.
"The last few months have shown a declining trend in vegetable prices and it is expected that inflation will come down in the coming months, even though it may remain at a high level for some time," C. Rangarajan said in a speech, an advance copy of which was provided.
India's inflation rate remains elevated and the central bank expects it to remain high for the fiscal first half before easing to 6% by March-end.
