Monetary adjustments to tackle inflation still not ruled out.

By bne IntelliNews November 29, 2011
India's central bank did not negate the possibility of further monetary adjustments in order to control inflationary pressures. As reported by Indo-Asian News Service, the central bank Governor D. Subbarao stated that increasing food prices can lead to further monetary adjustments, although the direct role of monetary policy in tackling food price pressures is limited and more of a supply-side response from the government is needed to tackle food inflation. The central bank has increased rates thirteen times since March last year, although it hinted at a pause in rate increments in the policy decision to be made in December this year if inflation falls in line with the central bank's projected trajectory.
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