Indian inflation reaches 43-month low

Note: This section contains information in English only.
Source: Bloomberg
Inflation in India dropped to the lowest level in 43 months in May, leading to speculations that the central bank might cut interest rates further. Wholesale prices rose 4.7% last month, while experts predicted an increase of 4.88%. As inflation provides room for rate cuts, the depreciating Rupee, which reached the lowest point of 58.9850 per Dollar on June 11, might lead to the central bank refraining from additional stimulus.

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