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Indian retail inflation falls to lowest in five years
Published Tue, Feb 14, 2017 · 09:50 PM
New Delhi
INDIA'S inflation cooled to its lowest in at least five years in January as food prices fell following the government's cash clampdown, but emerging price pressures mean the Reserve Bank of India (RBI) will probably keep interest rates on hold.
Consumer prices rose by an annual 3.17 per cent last month - their slowest pace since January 2012, when the government launched the current index series.
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Central banks will probably only cut half as much as they hiked