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As CPI inflation spikes to 4.88%, rate-cut hopes vanish

Radhika Merwin
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The sharp rise in CPI inflation to 4.88 per cent in November, beyond the RBI’s comfort zone, has dashed hopes of any rate cut. Apart from the rise in vegetable prices, core inflation (excluding food and fuel) also moved up driven by housing and increase in fuel prices. The RBI had revised upwards its CPI inflation target for the second half of the fiscal to 4.3-4.7 per cent from the earlier 4.2-4...
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