The main reason for inflation is greed (“Mystery of the mangled rupee”, Business Line, September 9) . A 1BHK flat owned by an NRI in a decent locality in Bangalore fetched a rent of Rs 7,000.
Now, the NRI, earning in Canadian dollars, expects a rent of Rs 10,000 from a new tenant. Similarly, a 2BHK flat in the same complex, which went for Rs 15,000-17,000 a year ago, is now Rs 24,000. This artificial cycle goes on and on and on and we call it inflation.
Sudhir Anand