Inflation situation difficult, but manageable: Chakrabarty

MUMBAI: Reserve Bank of India Deputy Governor, KC Chakrabarty on Wednesday said that inflation is a difficult situation but "manageable".

"Inflation-wise, it is a difficult situation, but then manageable," Chakrabarty told reporters at a banking event here.

Earlier this week, RBI Governor D Subbarao had said that the monetary policy management has become difficult because of a surging inflation and the demand for supporting growth.

RBI is set to announce its monetary policy on January 25 and is expected to hike the rates to arrest high inflation.