Govt says closely watching commodity futures trade
NEW DELHI (Reuters) – The government is keeping a close watch on futures trading in commodities, Finance Minister Pranab Mukherjee told parliament on Tuesday.
Earlier, Mukherjee said the current spell of inflation in the country was due to a shortage of food items.
The food articles index rose an annual 15.6 percent as at Nov. 14, up from the previous week's 14.6 percent rise. The weakest monsoon since 1972 and then floods in parts of the country have hurt farm output and pushed up food prices.
(Reporting by Manoj Kumar; Editing by Malini Menon)
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