“India’s inflation unexpectedly eased in November, a moderation that may not spur the central bank to cut interest rates next week as price gains still remain above its comfort level.
The wholesale-price index rose 7.24 percent from a year earlier, after climbing 7.45 percent in October, the Commerce Ministry said in a statement in New Delhi today. The median of 34 estimates in a Bloomberg News survey was a 7.6 percent gain.”
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