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Indian central bank warns of inflation as it keeps eye on growth

High food and crude prices as well as govt spending seen as contributing factors

Reserve Bank of India Governor Urjit Patel believes that although inflation risks have risen in recent months, incoming data should provide greater clarity about the persistence of inflationary pressures.


MINUTES from the Reserve Bank of India's meeting this month showed monetary policy committee members expressing concerns about accelerating inflation, although that was also tempered by uncertainty about the strength of an economic recovery.

The MPC voted 5-1 at the meeting...