India's Inflation Drops to 3.34%

This is a news story, published by CNBC, that relates primarily to the Reserve Bank of India news.

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Food inflation

CNBC

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Business

Business & Economics

India's inflation falls to cooler-than-expected 3.34% in March

Summary

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88% Informative

The reading fell for a fifth straight month and came in slightly below the 3.61% seen in February .

Food inflation, which is a key constituent of the country's consumer price index, hit 2.69% The decline was led by a fall in prices for vegetables, spices, eggs and pulses.

The inflation data follows a second straight interest rate cut by the Reserve Bank of India at its meeting on April 9 .

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formal

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English

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