Inflation “quite high”: Subbarao

RBI Governor D. Subbarao held that the inflation is  “quite high” at 7.45%. He remarked over the falling of headline inflation to 7.45% in October 2012 from 7.81% in September 2012. The comment from RBI Governor has come at a time when Govt and industry are hoping of monetary easing by RBI due to falling inflation and negative industrial growth.