The Reserve Bank of India (RBI) logo is pictured outside its head office in Mumbai. Under new Governor Raghuram Rajan, the RBI has made fighting inflation a priority because of its pernicious impact on the poor – Reuters Photo.
MUMBAI: India's central bank could soon unveil a major change in monetary policy to explicitly make managing consumer inflation, rather than wholesale prices, its main objective.
The shift would be a significant one in a country that's long struggled to contain retail prices.
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