“Inflation has been fairly stubborn,” Governor Duvvuri Subbarao said in New York. “Above a threshold, you can’t accept high inflation to have higher growth,” he said, adding that the price-rise limit is as much as 6% for the country. [India ETFs Grapple with Inflation, Rate Hikes]
iShares S&P India Nifty 50
Tisha Guerrero contributed to this article.