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Rising global commodity prices a big worry: FM

Finance minister Pranab Mukherjee on Friday said volatility in capital inflows and hardening of commodity prices is a “source of worry” for major emerging markets, including India.

business Updated: Mar 04, 2011 21:26 IST

Finance minister Pranab Mukherjee on Friday 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,” Mukherjee said at an IIF event on Friday.

In recent months, crude oil has seen significant surge in prices. Crude oil prices are hovering around $100 per barrel at present.