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Soaring Onion Prices Send India's Inflation to Six-month High

Yahoo Finance
Onion Prices in India

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The aroma of frying onions from the Britannia and Co. restaurant might not penetrate the office of India's central bank governor Raghuram Rajan a block away, but like the eatery's customers, he can't escape the soaring price of the pungent vegetable.

The price of onions has added to Rajan's already full plate as the new head of the Reserve Bank of India (RBI) wrestles over how to help stabilise the rupee currency and tackle inflation without further dampening economic growth.



Reporting by Aradhana Aravindan and Rajendra Jadhav, REUTERS.

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