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Published on Tuesday, June 17, 2014 | Updated on Tuesday, June 17, 2014

India : Stubborn core inflation offers no downward room to RBI

India’s benchmark inflation indicator, the CPI, moderated in May to 8.3% y/y from 8.6% in April (Consensus: 8.5%) led by a let up in food prices, which account for 50% of the CPI basket.