Indian Equities Gain as Inflation Data Spurs Rate-Cut Optimism

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  • Mid and small-cap stocks outpace gains in benchmark indexes
  • Inflation rate climbs 5.05% in August versus 5.2% estimate

Indian stocks climbed for the first time in three days, led by gains in mid- and small-sized companies, after a more-than-estimated easing in the nation’s main inflation rate revived calls for an interest-rate cut.

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