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India's October retail inflation touches seven-month high

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India's retail inflation picked up in October to a seven-month high, driven by faster rises in prices of food and fuel products, dampening chances of an interest rate cut by the central bank next month. India's annual consumer inflation in October increased to 3.58 percent from a year earlier, government data showed on Monday. Analysts polled by Reuters had expected October's CPI inflation rate would edge up to 3.46 percent from September's 3.28 percent.Some analysts expect India's decision on Friday to slash tax rates on 178 items such as chocolates and ...

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First Published: Mon, November 13 2017. 18:15 IST