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Inflation Pressures Remain in Indian Economy

Wednesday, 4 Jul 2012 | 4:20 AM ET

"The [Indian] economy is on surer footing than it was a couple of months ago,"Taimur Baig, director and chief economist at Deutsche Bank AG told CNBC. But he added "the rupee cost of import is still pretty substantial" and that inflationary pressure on the Indian economy remained leaving the Reserve Bank of India with little room for manoeuvre on economic policy.