The country's National Confederation of Industry (CNI) has expressed concern at the current exchange rate of about 1.70 reais to the dollar and has called on Ms Rousseff to bring it down to somewhere between 2.00 and 2.20.

BBC: Brazil's inflation hawk Henrique Meirelles bows out

According to a poll by the National Confederation of Industry, published on May 30th, the share of Brazilians who think that inflation will rise further in the coming months has reached 71% higher than at any time since 2001.

ECONOMIST: Brazil's president

"There are a lot of challenges, " said Thomas Verghese, chairman of the Confederation of Indian Industry's national committee on marketing.

WSJ: India Government Roiled as Ally Withdraws Over Retail Plan