RBI chief says cannot take soft commodity prices for granted

AHMEDABAD, India (Reuters) - Reserve Bank of India Governor Duvvuri Subbarao said on Thursday that soft global commodity prices cannot be taken for granted.

He was speaking in Ahmedabad.

Oil prices fell below $102 a barrel on Thursday and were on track for a third straight month of losses amid a tepid global demand outlook and abundant supplies in the United States. (Reporting by Neha Dasgupta; Editing by Sunil Nair)