....However, the RBI in its own way is accommodating such policies through its purchases of government bonds. This brings us to the point that inflation in India comes from the non-tradable rather than the tradable sectors. CPI inflation running at 10.36% not converging to WPI at 7.55% captures this idea. Inflation in the non-tradable sector is in th remit of RBI monetary policy and probably has its roots in RBI's QE policy........
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