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India might need more cautious monetary policy to stem food price rise spillover, RBI says

By Economic Times - 3 months ago
The Reserve Bank of India indicated that persistent high food prices could require a more cautious monetary policy. Although retail inflation fell in July, the central bank anticipated it would rise again due to ongoing food price pressures. Climatic shocks were cited as a major factor behind the stubbornly high food prices, raising concerns about broader inflation trends.

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