India's wholesale inflation rose less than expected in May

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Source: Marketwatch
Indian wholesale inflation increased by 7.55% on an annual basis last month as compared to 7.23% in the preceding month. Experts surveyed by Dow Jones Newswires projected inflation rate to accelerate to 7.59% in May. Easing inflationary pressure and slowing growth raised hopes that RBA will lower the interest rates next week.


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Thu, 14 Jun 2012 11:09:53 GMT

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