RBI’s Subbarao calls on government to address rising food prices
Duvvuri Subbarao, the governor of the Reserve Bank of India (RBI), on Tuesday said that while monetary policy can temporarily ease expectations of rising food inflation, ultimately supply-side measures were necessary to stem the sharp rise in prices.
At the twenty-fifth annual conference of the Indian Society of Agricultural Marketing in Hyderabad, India, Subbarao said: "Persistent and elevated food inflation over the last few years has emerged as a major policy concern, especially as it can
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