New Delhi, Oct 1 (PTI) Finance minister Nirmala Sitharaman on Saturday said inflation is at a manageable level.

Her comments came a day after RBI hiked interest rate by 50 basis points to tame inflation.

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"Inflation is at a manageable level," she said here.

On Friday, RBI retained its inflation projection for FY23 at 6.7 per cent amid geopolitical concerns triggered by Russia-Ukraine war, and expected inflation to be under control from January.

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The central bank is mandated to keep retail inflation in a band of 2-6 per cent. Inflation has remained above RBI's upper tolerance level of 6 per cent since January 2022.

Last month, inflation touched 7 per cent.

Speaking at the annual day function of regulator IBBI, Sitharaman, who is also the corporate affairs minister, said: "We are in an era of robust economic activities".

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)