Rupee fall adding to inflationary pressures: RBI

Rupee fall adding to inflationary pressures: RBI

Kolkata: The fall in the rupee was adding to inflationary pressures in the economy, the Reserve Bank of India’s governor Duvvuri Subbarao said on Friday.

RBI faces a challenge in maintaining the right balance between supporting growth and maintaining price stability, Subbarao said.

The RBI will meet on 16 December for its rate setting meeting and is widely expected to hold rates.

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