date:Sep 06, 2015
ublished Aug 4. That's even as CPI stayed below Rajan's January target of 6 per cent for 10 straight months.
Rajan wants all indicators to eventually converge around his inflation target, which will fall to 4 per cent in the coming years. To get there, he needs to eliminate large swings in the price of food, which accounts for almost half of the inflation basket, according to Vishnu Varathan, a Singapore-based economist at Mizuho Bank Ltd.
Onions are a key ingredient in many Indian dishes, mak