India Inflation Rises, Crimping Scope for Interest-Rate Cut
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India’s inflation accelerated for the first time in five months in February, weakening the case for an interest-rate cut to counter slower economic growth.
The benchmark wholesale-price index rose 6.95 percent from a year earlier, after climbing 6.55 percent in January, the commerce ministry said in a statement in New Delhi today. The median of 25 estimates in a Bloomberg News survey was for a 6.7 percent gain.