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ReplyDeleteIndia’s November WPI has surged to 3-month high of 0.58 percent from 0.16 percent in October mainly on account of higher food prices. However, it remained below the market consensus of 0.74 percent, this indicates that few sectors including manufacturing are still under stress. Overall, inflation is picking up in the economy, amid slow growth, this can be a sign of worry for the RBI at February policy.
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