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India prices unexpectedly stagnate amid calls for rate cut

Tuesday, December 16, 2014 - 05:50

Mumbai

INDIAN wholesale prices unexpectedly stagnated last month, adding pressure on central bank governor Raghuram Rajan to cut interest rates. The wholesale-price index in November didn't advance for the first time since July 2009, when it fell 0.31 per cent. All 34 analysts in a