While China could be getting its economy back on track, Indian inflation rose to +7.81% on year in September from 7.55% in August and vs. consensus of 7.75%. The increase was fueled by the government raising diesel prices by 14% to help get control of its ballooning deficit. The figures exacerbate the dilemma facing the Reserve Bank of India: how to rein in inflation against the background of slowing growth
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