date:Sep 06, 2015
Those who say India's inflation woes are under control forgot to tell Mumbai's onion thieves. Prices of the vegetable a staple in Indian diets have almost doubled since July, leading to a series of widely-reported heists in recent weeks. One victim, Anand Naik, had 750kg of onions snatched from underneath a tarp by his roadside stall in Mumbai last month.
The rising likelihood of a rate cut in the coming months would do nothing to lower household inflation expectations, which central bank Gov