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RBI chief says cannot take soft commodity prices for granted

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Reuters AHMEDABAD, India
Last Updated : May 30 2013 | 5:07 PM IST

AHMEDABAD, India (Reuters) - Reserve Bank of India Governor Duvvuri Subbarao said on Thursday that soft global commodity prices cannot be taken for granted.

He was speaking in Ahmedabad.

Oil prices fell below $102 a barrel on Thursday and were on track for a third straight month of losses amid a tepid global demand outlook and abundant supplies in the United States. (Reporting by Neha Dasgupta; Editing by Sunil Nair)

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First Published: May 30 2013 | 4:47 PM IST

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