RBI chief says weakening rupee is biggest risk to inflation

Last Updated: Tue, Jul 30, 2013 09:58 hrs

The weakening of the rupee is the biggest risk to inflation, Duvvuri Subbarao, governor of the Reserve Bank of India said on Tuesday in a post-policy conference with reporters.

Earlier in the day, the central bank left interest rates unchanged as it supports a battered rupee but said it would roll back recent liquidity tightening measures when stability returns to the currency market, enabling it to resume supporting growth.

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