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India wholesale price inflation likely picked up in July
date:Aug 13, 2013



Wholesale prices, India's key inflation measure, rose an annual 5 percent last month, the poll of 30 economists showed, hitting the ceiling of the Reserve Bank of India's commonly perceived comfort level.

That was up slightly up from June's 4.89 percent reading.

If the trend continues, the central bank's task of containing inflation will likely get more difficult, since raising interest rates will adversely affect an already slowing economy.

A global sell-off has made the Indian rupee the

12/21 18:30