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India's consumer inflation may cool to record-low in June, prompt rate cut

RBI is also watching out for inflationary impact of GST, even though food products were exempted


India's consumer inflation is expected to have slowed to a record-low in June, pressured by a sharp drop in food and oil prices, a Reuters poll showed, a result that could intensify calls for an interest rate cut. Consumer price inflation is predicted to cool to 1.70 per cent in June, easing further from May's 2.18 per cent, according to the poll of more than 30 economists taken over the past week. If realised, it would be the lowest level since the series began in 2012 and below the Reserve Bank of India's (RBI) medium-term target of 4.0 per cent for an eighth ...

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First Published: Tue, July 11 2017. 13:20 IST