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India June Inflation Cools, Raising Prospects of More Rate Cuts
By and Prateek Mazumdar
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India's inflation eased for the eighth consecutive month, strengthening the case for further interest rate cuts by the central bank.
The consumer price index rose 2.1% in June from a year earlier, according to data released Monday by the Ministry of Statistics. That compares with a 2.25% increase forecast by economists in a Bloomberg survey. Inflation had slowed to 2.82% in May.
