Wednesday, November 20, 2013

Onions Bring Tears to RBI’s Rajan as Prices Surge: India Credit

........“Structural weaknesses and seasonal volatility are being combined and that’s why we’re seeing gains in double digits,” Rao said. The RBI “will be closely monitoring food and fuel inflation over the next couple of months when food prices are broadly expected to decrease. If that doesn’t happen then the RBI would be forced to raise rates at a faster pace.”

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