The Reserve Bank of India said on Tuesday it would accord highest priority to contain inflation within 5 to 5.5 per cent, while keeping its projection for economic growth during 2006-07 unchanged at 7.5 to 8 per cent.

It would endeavour to ensure that appropriate liquidity is maintained to meet the legitimate credit requirements consistent with price and financial stability, the bank said in the quarterly review of the Annual Statement on Monetary Policy.

The Monetary and Credit Policy 2006-2007