India Eases Cash-Supply Curbs as Surging Yields Imperil Growth

India Eases Cash-Supply Curbs as Surging Yields Imperil Growth

Dhiraj Singh/Bloomberg

A vendor displays kidney beans for a photograph at a pulse store in a wholesale market in Mumbai. Consumer prices rose 9.64 percent in July from a year earlier. Another gauge based on wholesale prices advanced 5.79 percent, a five-month high that exceeded the central bank’s comfort zone of about 5 percent.