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India April retail inflation rate climbs for first time in four months

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India's annual retail and wholesale inflation accelerated in April, mainly due to higher fuel and food prices, and in response some economists changed their views to expect a more hawkish central bank at its next policy meeting next month.The Reserve Bank of India (RBI), due to hold its next policy meeting on June 6, is still widely expected to hold rates after having kept them unchanged for the fourth straight meeting in April.But with a faster-than-expected pace of retail and wholesale inflation, some economists have changed their mind about the RBI's ...

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First Published: Mon, May 14 2018. 18:40 IST