Thursday, June 16, 2011

RBI Governor Grapples With ‘Horror Show’

After India announced that headline inflation for May had reached 9.06%, economists were appalled. Credit Suisse bank, in a research note, called India’s May inflation print a “horror show.” Will this force Reserve Bank of India Governor Duvvuri Subbaro to spring for a larger interest rate increase at the central bank’s monetary policy review on Thursday?........
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