The government is keeping a close watch on futures trading in commodities, finance minister Pranab Mukherjee told parliament on Tuesday.
Earlier, Mukherjee said the current spell of inflation in the country was due to a shortage of food items.
The food articles index rose an annual 15.6% as at November 14, up from the previous week's 14.6% rise. The weakest monsoon since 1972 and then floods in parts of the country have hurt farm output and pushed up food prices.
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