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Indian Rupee Drops a Second Day as Inflation Exceeds Estimate

India’s rupee weakened a second day on concern inflation that exceeded economists’ estimates will erode returns from the nation’s assets.

Wholesale prices rose 5.7 percent in March from a year earlier, compared with 4.68 percent in February and the 5.3 percent median forecast in a Bloomberg survey. Figures to be released after market hours today will show consumer-price gains quickened to 8.25 percent from 8.10 percent, according to a separate survey. The rupee also fell after an April 11 report showed factory output shrank.