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Tuesday, June 15, 2010

Inflation will stay high for few months - adviser


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BANGALORE, (Reuters) - Inflation will stay "high" for the next few months but is expected to ease in the second half of the fiscal year, Planning Commission member Saumitra Chaudhuri said on Tuesday.

India's headline inflation unexpectedly accelerated in May, heightening expectations the Reserve Bank of India (RBI) would raise rates before its scheduled July review.

(Reporting by Bhargavi Nagaraju; Editing by Unnikrishnan Nair)

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