The driest spell in nearly four decades and then floods in parts of the country have pushed up food prices, which officials and policymakers have said could fuel broader inflation.
C. Rangarajan, the prime minister's economic adviser, on Tuesday said some liquidity tightening might be needed to moderate price expectations.
India's annual wholesale inflation rose to 4.78% in November, compared with 1.34% rise in October and 8.48% a year ago.
Source: Reuters
Courtesy moneycontrol.com

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