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Inflation up at 8.62%

NEW DELHI: Driven by higher prices of essential items, inflation moved up to 8.62 per cent in September, with experts saying that it will prompt the RBI to hike its short-term lending and borrowing rates at next month’s policy review.

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High-level FSDC won’t be a super regulator: Pranab

KIRNAHAR (WEST BENGAL): Asserting that financial sector regulators like RBI and SEBI would continue to enjoy powers, the Union Finance Minister, Mr Pranab Mukherjee has said that the proposed high-level financial council FSDC will deal only with inter-regulatory issues and not act like a super-regulator.

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