Indian inflation plummets as fuel prices drop

India's key inflation measure has dipped by more than a percentage point over the course of a week.

Data published Thursday revealed that annual wholesale price index inflation, the monetary-policy relevant measure, fell to 6.84% in the week to 6 December, down from 8% the previous week.

The dip - which was sharper than expected - came after the government lowered retail fuel prices on the back of the fall in global oil prices.

The Reserve Bank of India, which said back in April that it was

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