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RBI sees limited room to ease policy

Source : REUTERS
Last Updated: Sat, Feb 16, 2013 08:14 hrs
RBI Governor Subbarao smiles during a business conference in New Delhi

Duvvuri Subbarao, the head of Reserve Bank of India said on Saturday there is room for monetary easing but it is limited, and there were upside risks to inflation resulting from food and commodity prices.

Sbbarao told reporters in Moscow that he saw the current account deficit rising this year from last year's 4.2 percent of gross domestic product.

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