India Will Buy Onions From Pakistan to Cool Inflation
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India will import 1,000 metric tons of onions and keep a ban on exports of edible oils and lentils to slow inflation.
The benchmark wholesale-price index rose 8.43 percent in December from a year earlier after a 7.48 percent gain in November, according to a commerce ministry statement in New Delhi today. The median forecast of 30 economists in a Bloomberg News survey was for an 8.4 percent increase.