India’s October Inflation Falls Below 7% in Respite for RBI
- RBI likely to hike rates as CPI stays above 6% target
- Pace of rate hikes may moderate in upcoming policies
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India’s retail inflation fell below 7% for the first time in three months, helped by tighter monetary policy and cooling global commodity prices.
The consumer-price index for October rose 6.77% from a year earlier, compared with 7.4% in September, according to data released by India’s statistics ministry on Monday. That was in line with the 6.7% estimate in a Bloomberg survey.