| | NEWS FLASH
| India's headline inflation rose to 7.55 per cent in August 2012, higher than an inflation rate of 6.87 per cent recorded for July 2012. The inflation rate, measured by the Wholesale Price Index, was expected at 7 per cent, according to an NDTV poll of 15 economists. The economists said poor rainfall in July may have pushed up food prices.
The rise in inflation may dim hopes of a rate cut on Monday, 17 September 2012, when the Reserve Bank of India meets to take stock of monetary policy. The central bank is likely to hold policy rates for a fifth straight month, despite India's slowing economic growth.
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