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India Inflation Easing to 26-Month Low Adds to Rate-Cut Case

Indian inflation eased to the lowest level in more than two years in January, adding to the central bank’s case to cut interest rates as economic growth weakens. Bonds and stocks climbed.

The benchmark wholesale-price index rose 6.55 percent from a year earlier, the commerce ministry said in a statement in New Delhi today, compared with 7.47 percent in December. The median of 25 estimates in a Bloomberg News survey was 6.7 percent.