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India's elevated food inflation limits scope for further rate cuts
Saturday, December 21, 2019, 8:09 PM
India's volatile food prices are yet again posing a sticky inflation problem for its central bank, preventing it from cutting rates as deep as it would like to support a stuttering economy. After slashing rates five times this year, the Reserve Bank of India (RBI) stunned markets earlier this month by resisting a sixth reduction as many had predicted.
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