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CPI Inflation: RBI may not act in a hurry despite a surge in CPI

Despite reduced fears of adverse impacts from El Nino on India s Kharif output, risks from oilseeds and pulses inflation could push consumer inflation, according to economists. However, the Reserve Bank of India (RBI) may prefer to wait and assess Q3 and Q4 numbers before taking action. Prolonged pauses by major central banks are also expected globally. ....

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