Expressing concern over rising prices, the Prime Minister, Dr. Manmohan Singh on Thursday asked the Reserve Bank of India to formulate monetary and financial policies that keep inflation under check as it hurts the common man and gives a wrong economic signals. <br/><br/>Addressing Platinum Jubilee celebrations of the Central Bank in Mumbai, Dr. Singh exhorted the RBI to ensure stability of banking and financial sector as otherwise there is a risk of experiencing financial crisis which imposes high cost. <br/><br/>The Prime Minister also reminded the Central Bank about meeting the financial intermediation needs for rapid and inclusive growth. Dr. Singh said that for growth to be inclusive, banking must reach out to many more people and the banking system must never lose sight of the credit needs of the farmers.<br/><br/><br/>The Prime Minister's advice comes at a time where the major challenge before the Central Bank would be to tackle inflation that is nearing double digits.