India Inflation Reaching Seven-Month High Adds Rate Pressure
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Indian inflation unexpectedly accelerated to a seven-month high in September, adding to the case for a further increase in the benchmark interest rate.
The wholesale-price index rose 6.46 percent from a year earlier, compared with a 6.1 percent advance in August, the Commerce Ministry said in New Delhi today. The median of 33 estimates in a Bloomberg News survey was for a 6 percent climb.