Finance minister Arun Jaitley blames Iraq situation

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India is committed to easing bottlenecks that have caused inflation to spike, finance minister Arun Jaitley said, blaming energy costs and speculative hoarding for a rise in wholesale prices that contributed to an investor selloff on Monday. The rupee sank below 60 rupees to the dollar and government bonds had their biggest single-day fall in a month on Monday as higher-than-expected May inflation compounded worries about the impact of violence in Iraq on the price of oil, which India imports. For More information on this news visit : newsx.com/ Connect with us on Social platform at : facebook.com/newsxonline Subscribe to our YouTube Channel : youtube.com/newsxlive