India Inflation Slows to 43-Month Low; Rupee Dims Rate-Cut Scope

India Inflation Slows to 43-Month Low; Rupee Dims Rate-Cut Scope

Prashanth Vishwanathan/Bloomberg

Sales assistants fold sarees in a store at South Extension Market in New Delhi. A report earlier this week showed consumer prices advanced 9.31 percent in May from a year earlier, the second-fastest pace in the Group of 20 major economies.