India Inflation Quickens to 10-Month High, Curbing Rate-Cut Room

India Inflation Quickens to 10-Month High, Curbing Rate-Cut Room

Prashanth Vishwanathan/Bloomberg

The policy overhaul since Sept. 13, which snapped months of political gridlock over how to boost the economy, also included steps to open industries such as retailing to more foreign investment, helping the rupee to rebound from a record low.