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India CPI eases, rate cut expected

Food accounts for almost half of India's CPI basket. Unseasonal rains and hailstorms this year damaged crops in many areas.

New Delhi

INDIA's retail inflation unexpectedly slowed despite crop damage from unseasonal rains, boosting the possibility that central bank governor Raghuram Rajan will cut rates outside the review cycle for a third time this year.

Consumer prices rose 5.17 per cent in March from