India’s central bank will continue to focus on targeting inflation and cannot drop guard, Reserve Bank of India Governor Raghuram Rajan said in an interview to CNBC-TV18 on Thursday. “This is where we cannot relax our guard quickly, we cannot say we are out of the inflation woods,” Rajan said, referring to the central bank’s achievement over bringing down retail inflation sharply from double digit level. India’s consumer prices index fell to 5.37 percent in February from a high of 11.16 percent in November 2013, a few months after Rajan assumed office.