24.06.2011 - Need global action to tackle price rise in commodities: RBI
Attributing rising commodity and crude oil prices to excess liquidity in the global market, Reserve Bank Governor D Subbarao today underlined the need for coordinated action to deal with the situation. "...in the current juncture, one of the driving forces behind hardening commodity prices in recent months is the excess liquidity in the global system which has possibly triggered financialisation of commodities," Subbarao said in a lecture to Australia National University in Canberra...............................................Full Article: Source
Print