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High energy prices limit monetary policy leeway: RBI deputy gov
High energy prices limit monetary policy leeway: RBI deputy gov
Steady global energy prices are restricting the elbow room for monetary policy response, the deputy governor of Reserve Bank India said on Wednesday, highlighting the uphill task faced by the bank in its fight against stubbornly high inflation. Subir Gokarn also said inadequate supply response to rising demand for food articles such as milk and fishery products have led to high food inflation.