.......High onion prices were a prime factor in pushing food inflation to 18.4 per cent in September, and going by current indications, the picture may not be very different when the October data come in. The Reserve Bank of India will be watching the trends closely. Given the inflation scenario, it is quite likely that the central bank will be forced to hike rates again, which is not good news for borrowers and the larger economy.
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
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