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.


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