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Cooling crude may ease inflation heat, give RBI room to stay on pause despite WPI surge: YES Bank
India's wholesale inflation is high, driven by fuel and manufacturing costs. However, falling global crude oil prices and a stable rupee offer potential relief. This could allow the Reserve Bank of India to postpone interest rate increases. The central bank is monitoring weather-related food inflation risks. A new Producer Price Index framework is also being introduced.
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timesofindia.indiatimes.com
Wholesale inflation rises for 8th month in row, PPI debuts
NEW DELHI: India’s wholesale inflation surged for the eighth consecutive month to 9.7% in May from 8.3% in April on account of high prices of crude oil and manufactured products,…
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economictimes.indiatimes.com
Cooling crude may ease inflation heat, give RBI room to stay on pause despite WPI surge: YES Bank
India's wholesale inflation is high, driven by fuel and manufacturing costs. However, falling global crude oil prices and a stable rupee offer potential relief. This could allow…