Reserve Bank of India Governor, D Subbarao has indicated his happiness on the country's GDP growth in 2009-10. He however expressed his concern over the inflation rates prevelant in the country.

"Inflation is not at its peak but it is still higher than we would like it. So we will have to take into account inflation concerns along with growth," Subbarao said.

He added that "Growth has been encouraging but not surprising. In our annual policy statement in April, we had said it would be 7.5% so it is within that range."

He however did not comment on the monetary policy. He said that the regulator would look into developments both in the domestic as well as international arena while re formulating the monetary policy.

Commenting on the impact of Greece crisis, he said, "Our forex reserves are quite comfortable and they should be able to help us tide over any sort of contingencies. As far as the management of foreign exchange is concerned, we do not really discuss any shifts from the euro to the dollar or vice-versa. Our forex reserves are very carefully and very efficiently managed with the help of experts."