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RBI Has Not Really Tightened Policy: Dr. Surjit Bhalla

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September 20: Referring to inflation being used as a guiding force by the RBI, ZyFin Research’s Dr. Surjit Bhalla says, “There is no question that food inflation is very high, with a 50% weightage in CPI instead of 20%.” We now need to watch for how much weight RBI Governor Raghuram Rajan plans to give to food inflation and how he thinks monetary policy will tackle food inflation, he adds.