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Two monetary policymakers in India have urged the Reserve Bank of India to prevent spillover from the rise in food prices as inflation reaches a 15-month high. The central bank aims to keep inflation between 2% and 6%, but the consumer price index rose by 7.44% last month, driven by an 11.51% increase in food prices. ....
India's Rate Setters Become Cautious of Surging Food Prices bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
RBI MPC members cautions of spillover from food prices as odds of rate hike begins to build financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Food Inflation: Two monetary policymakers in India have urged the Reserve Bank of India to prevent spillover from the rise in food prices as inflation reaches a 15-month high. The central bank aims to keep inflation between 2% and 6%, but the consumer price index rose by 7.44% last month, driven by an 11.51% increase in food prices. ....