 Wholesale inflation came down from 6.1% in September 2013 to a historic low of -4.05% in July 2015.In a 2014 interview, Rajan said his major targets as governor of the Reserve Bank of India were to lower inflation, increase savings and deepen financial markets, of which he believed reducing inflation was the most important.A panel he appointed proposed an inflation target for India of 6% for January 2016 and 4%(+-2%) thereafter.