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India's central bank is closely monitoring inflationary trends. Both consumer and wholesale price indices are in double-digits, making Indian inflation the highest among large economies.
Finance Minister Pranab Mukherjee says provincial governments play a crucial role in assuring subsidized food grains for the public, which will help them battle inflationary trends.
Pranab Mukherjee, Indian Finance Minister said "Reserve Bank is constantly keeping watch on the monetary expansions to improve the supply positions, import doors are kept open and as and when some steps are called for we will be in position to take it."