Stagflation rears its head in India, where inflation is refusing to respond to a slowing...
Tuesday, May 15, 2012, 1:10 PM ETStagflation rears its head in India, where inflation is refusing to respond to a slowing economy. One reason is the rupee, which has sunk to a multi-year low against the greenback. Don't expect the RBI to stop cutting rates, writes Sober Look, as the bank will likely point to the far tamer core rate of inflation.
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