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Reserve Bank of India Governor Raghuram Rajan said on Tuesday the next few quarters would be engaged in combating inflation.
India's wholesale price inflation hit a five-month high in May, and prospects of weak summer monsoon rains and turmoil in Iraq have increased the risk of rising food and fuel prices.
In May, wholesale prices rose a faster-than-expected 6.01% as a 19% increase in potato prices during the month pushed up food inflation to 9.5% from 8.64% in April.
