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PC hope

New Delhi, Aug. 11 (PTI): Finance minister P. Chidambaram today said he expected inflation to “settle down” by September.

“We must be vigilant and confident to tackle it, allow seasonal factors to play out. Fiscal and monetary steps will be taken in a measured manner. There will be no panic or knee-jerk reaction. We have told the Reserve Bank to take necessary monetary steps and we will look at options on the fiscal side,” he said.

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