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<h1>RBI Governor Highlights Coordinated Efforts to Tackle 7.8% Inflation; Emphasizes Gradual Liquidity Normalization and Crypto Concerns.</h1> The Reserve Bank of India (RBI) Governor discussed coordinated efforts between fiscal and monetary authorities to combat inflation, which stands at 7.8%. Following an unexpected rate hike on May 4, the RBI is recalibrating its strategies, with more updates expected in June. The Governor emphasized the need for a gradual normalization of liquidity over two to three years, considering evolving economic conditions. He also addressed concerns about interest rates, liquidity, fiscal deficits, and the rupee's stability. The RBI remains committed to ensuring orderly market operations and managing inflation while supporting economic growth. Additionally, the Governor reiterated concerns about cryptocurrencies and their potential impact on financial stability.