24.10.2008 - India: RBI concerned over high commodity prices
From Business-standard.com: The Reserve Bank of India (RBI) on Thuresday said there were signs of moderation in inflationary pressures but warned that commodity prices, despite falling in the second quarter, will remain at elevated levels. In its pre-policy report, the central bank reiterated its resolve to bring down inflation to around 7 per cent by March 31, 2009, while lowering it further to 3 per cent over the medium-term. The central bank said inflationary pressures continued to persist in most emerging market economies fuelled by rising commodity prices particularly of energy, food and metals. .... Full Article: Source
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