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| As most Indians know, July saw a massive surge in food inflation and it is this inflation that is spiking the overall inflation rate. The biggest price rise is likely to have happened in vegetable prices. Within vegetables, the main culprit was tomatoes. As its Monetary Policy Committee meets over the next three days, the Reserve Bank of India has to balance the needs of boosting the economy (for which it might want to cut the repo rate) and maintaining price stability (for which it might want to raise the repo rate). Even under normal circumstances, this is tricky to strike the right balance. | | | |
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حبيبي ليس يعدله حبيب *** ولا لسواه في قلبي نصيب حبيب غاب عن بصري وسمعي *** ولكن في فؤادي ما يغيب يا حبيب ...
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