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Exceptionally hot summer & low reservoir levels to likely impact vegetables, fruit crop: RBI
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low reservoir levels.
This issue is likely to impact the central bank's fight against inflation, which it says has been interrupted by volatile and elevated food prices.
«The exceptionally hot summer season and low reservoir levels may put stress on the summer crop of vegetables and fruits. The rabi arrivals of pulses and vegetables need to be carefully monitored,» RBI Governor Shaktikanta Das said in the June edition of its Bulletin.
While retail inflation in India softened further in the March-April period, persisting food inflation pressures offset the gains of disinflation in core and deflation in the fuel groups, Das said.
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