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RBI Governor warns of inflation, higher edible oil prices
short by Ananya Goyal / on Wednesday, 4 May, 2022
RBI Governor Shaktikanta Das has warned that edible oil prices may go further up despite the central bank hiking the repo rate by 40 bps to 4.40%. He said it was due to export restrictions by key producing countries and the loss of sunflower oil output amid Russia-Ukraine war. "Looking ahead, food inflation pressures are likely to continue," he stated.
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