Reserve Bank of India Deputy Governor Rakesh Mohan said on Friday that he expected inflation to be stable and saw no pressures apart from oil prices.
"I do not see any pressure except for oil. And I expect the outlook to remain stable," Mohan told reporters at the sidelines of a banking summit.
Inflation, measured by wholesale prices, has risen in calendar 2003 because prices of primary articles, manufactured goods and fuel products have been on the rise.