RBI chief says cannot take soft commodity prices for granted

AHMEDABAD, India Thu May 30, 2013 4:47pm IST

An employee fills a vehicle with diesel at a fuel station in New Delhi January 5, 2011. REUTERS/B Mathur/Files

An employee fills a vehicle with diesel at a fuel station in New Delhi January 5, 2011.

Credit: Reuters/B Mathur/Files

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AHMEDABAD, India (Reuters) - Reserve Bank of India Governor Duvvuri Subbarao said on Thursday that soft global commodity prices cannot be taken for granted.

He was speaking in Ahmedabad.

Oil prices fell below $102 a barrel on Thursday and were on track for a third straight month of losses amid a tepid global demand outlook and abundant supplies in the United States. (Reporting by Neha Dasgupta; Editing by Sunil Nair)

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