India hikes unexpectedly to counter price surge
The unexpected move, which leaves rates at their highest level since March 2002, comes on the back of fears that inflation could hit double digits
Wholesale price inflation, a measure of factory-gate costs more closely watched than the consumer price index (CPI) because it tracks a wider range of goods, has surged from 4.36% in January to 8.24% on 24 May - a four-year high. Various measures of
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