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Monday, October 14, 2013

Indian WPI surprisingly rises.

India's wholesale price index, one of the country's main inflation gauges, rose to +6.5% on year in September from +6.1% in August and came in above expectations for +6%. The increase comes amid stuttering economic growth, the weak rupee, which makes imports more expensive, and high food prices. With CPI inflation at 9.5%, the Reserve Bank of India raised interest rates to 7.5% last month.

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