Special Correspondent

JAIPUR: Reserve Bank of India Governor Y. V. Reddy on Saturday said the RBI had played a significant role in containing inflation and achieving a high growth rate by its interventions in fiscal management and financial sector reforms. RBI had also accorded priority to the development of money market, he said.

Delivering the Foundation Day lecture at the Institute of Development Studies (IDS) here, Dr. Reddy said the inflation rate had been moderated to lower levels ensuring price stability.