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Indian sees limited room to ease policy
February 16, 2013 / 7:35 AM / 5 years ago

Indian sees limited room to ease policy

MOSCOW, Feb 16 (Reuters) - The head of India’s central bank 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.

Reserve Bank of India Governor Duvvuri Subbarao 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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