Monday, November 29, 1999

Food inflation may rise in 2 weeks: Montek

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New Delhi, June 17 (ANI): Deputy Chairman of Planning Commission Montek Singh Ahluwalia in national capital New Delhi on Wednesday said that India's food inflation could rise in the next two weeks. Ahluwalia said the annualised inflation was expected to decrease soon. Early in the week, Finance Minister Pranab Mukherjee had said inflationary pressures would ease by mid-July and he did not favour an immediate rate hike by the central bank.

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