India Prices Seen Cooling From September Highs, RBI Report Says
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India’s inflation will start falling from September highs due to easing food and fuel pressures, while contact-intensive sectors will lead a recovery in the economy, the Reserve Bank of India said in its monthly bulletin.
Festival-related spending is boosting consumption and triggering other components of overall demand, according to the State of the Economy report, part of RBI’s October bulletin released Monday. Deputy Governor Michael Patra is among the writers of the report.