lation is running at about 20%. We would note that the inflation is not solely restricted to food, and we believe inflation will remain higher than the Reserve Bank of India would like. India Food Inflation. Ye? (3m average) 5.) 3 1 3 3 3 3 3 3 3 1 1 1 1 3 The result of high inflation and loose monetary policy is tha

ent reintroduced a unified, market-determined managed float. The Foreign Exchange Management Act was introduced in 2000. The monetary framework of the Reserve Bank of India was formerly built on multiple indicators. However, following the recommendation of the Urijit Patel Committee Report, RBI shifted to a consumer p