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The Finance Minister, Mr Pranab Mukherjee, has said volatility in capital inflows and hardening of commodity prices is a “source of worry” for major emerging markets, including India.
“The major emerging market economies are experiencing robust growth, though volatility in capital inflows and inflation, including from the hardening of global commodity prices, is a source of worry,” he said at an IIF event here today.
In recent months, crude oil has seen significant surge in prices. At present, the prices are hovering around $100 per barrel.
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