RBI’s Gokarn warns against rising food inflation

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Subir Gokarn, a deputy governor at the Reserve Bank of India, on Saturday said structural reforms were needed in India to address the heightened risk of food inflation developing in the country.

At the opening plenary session of the Confederation of Indian Industry's CFO Summit 2011 in Mumbai, India, Gokarn said: "An important risk factor that we have been consistently highlighting is food. Although data from the most recent weeks points to a steady decline in food inflation, the likelihood is

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