Asked whether the government had any benchmark to contain the inflation rate, the finance minister said it was for the Reserve Bank of India (RBI) to set such a target. "It is for the RBI to decide what should be the benchmark.
The central bank sets the target. I think the present inflation rate can be considered good enough," Chidambaram said on the sidelines of the World Customs Organization conference on 'Outsourcing and offshoring of IT services'.