India inflation likely cooled below 7% in October thanks to base effect: poll
- The Reserve Bank has raised interest rates by a cumulative 190 basis points since May to curb rising inflation
NEW DELHI :
India’s retail inflation likely cooled to 6.7% in October from September’s five-month high of 7.41% due to a favourable base effect in some key components such as food prices, found a Mint poll of 22 economists.
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