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Infrastructure spending can curb supply-side inflation: RBI . official

Infrastructure spending can curb supply-side inflation: RBI . official

NEW DELHI:

An Indian central bank official on Thursday said focusing spending on infrastructure would help the country curb long-term, supply-side inflation.

Sitikantha Pattanaik, managing director at the Reserve Bank of India, is speaking at an event in New Delhi.

Ashima Goyal, a member of India’s Monetary Policy Committee, told the event that uneven rainfall in some areas could affect crop yields and may not be good for inflation. .

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