With its fifth raw rise of the year India's central bank, the Reserve Bank of India, launched another attack on inflation last month. The bank upped its key rate to 6.0% from 3.75% in the face of inflation that, depending on which ministry of commerce inflation measure is employed, is either firmly lodged in double figures or is easing back to just under 10%. India's cabinet approved a proposal to introduce options on commodities reversing a six-decide old ban on options trading.
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