RBI’s Subbarao calls on government to address rising food prices

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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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