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India inflation seen speeding up in January but still below target: Reuters poll

Reuters  |  BENGALURU 

By Manjul PaulBENGALURU (Reuters) - Indian inflation reversed course and nudged up slightly in January but remained below the central bank's target for a sixth straight month, a Reuters poll predicted, supporting this week's unexpected move by policymakers to cut rates. On Thursday, the Reserve Bank of India caught financial markets off-guard by reducing its key policy rate by 25 basis points to boost growth and as inflation has remained benign.While a change in monetary policy stance to "neutral" was the consensus in a separate poll taken ahead of the Feb 7 meeting, only around a third of ...

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First Published: Fri, February 08 2019. 08:39 IST