September 16, 2011 2:38 PM

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RBI rate hike to help inflation to comfortable level: FM

Finance Minister Pranab Mukherjee today said the 25 basis points rate hike by the Reserve Bank will help in moderating inflation to a comfortable level without hurting growth.The Finance minister told reporters in New Delhi that, he was hopeful that measures taken by the RBI would get us back to a more comfortable inflation situation earlier rather than later while leaving scope for growth to pick up in the second half of the year.

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