NEW DELHI: At a time when major economies are bracing up with measures to control soaring prices of essential commodities, a report by State Bank of India (SBI) economists cautioned that India's inflation internals are much different than those of advanced economies like the US.
Even though the Reserve Bank of India (RBI) took the markets by surprise with an off-cycle move to raise its key policy rates earlier this month and is poised to raise it further in the coming monetary policy meets, the report suggests inflation will take time to moderate in India.
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