............That said, the policy implication is clear. The government needs to tackle food inflation on a war footing, releasing stocks of cereals, importing pulses and oilseeds, cracking down on speculative hoarding and transporting food stocks quickly from surplus to deficient areas. And the RBI needs to maintain its anti-inflationary stance to ensure wage pressures remain muted. All told, the need for a complementary policy stance between Delhi and Mumbai could not be greater. We, therefore, expect the RBI to............
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