For example, we have realized that though all countries had a minimum capital adequacy norm of 8 per cent – the components of such capital were so varying as to result in capital adequacy ratio ranging from 2 to 8 per cent across countries if the new proposals are implemented!! India is at the top end of this range.
More specifically, oil prices had soared close to 40% year-on-year in June this year, but rose by only 5.6% last month, while agricultural prices turned to a year-on-year drop of 2% last month from more than a 10% rise last summer.