India's missed inflation target spurs 'additional' RBI meeting

Central bank must report to government after prices topped 6% ceiling for 9 months

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The Reserve Bank of India, led by Gov. Shaktikanta Das, is obliged to explain to the government why it has been unable to keep inflation under a 6% upper threshold.  © Reuters

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- The Reserve Bank of India's rate-setting panel meets on Thursday to discuss its failure to keep inflation within its target range for three consecutive quarters for the first time.

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