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Tumbling prices in India boost expectations of more rate cuts

August wholesale price index down 4.95% amid falling fuel costs

New Delhi

INDIA'S wholesale prices tumbled for a 10th straight month in August, pressured by falling fuel costs and bolstering prospects of an interest rate cut by the central bank later this month.

The wholesale price index (WPI) fell an annual 4.95 per cent last month compared...

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