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Spiraling costs of tomato, onion and pulses are rising as new dangers for India’s retail inflation, reaffirming expectations of a hawkish maintain from the central financial institution for the remainder of the 12 months.
After moderating for 4 months, shopper value inflation most likely accelerated to 4.6% in June, based on a Bloomberg survey of economists. That compares with a 25-month low studying of 4.25% in May. Official information is due 5:30 p.m. native time Wednesday.
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