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India Flash: May WPI inflation softens further, but currency pressures likely to keep RBI on hold next week

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Published on Friday, June 14, 2013

India Flash: May WPI inflation softens further, but currency pressures likely to keep RBI on hold next week

India’s WPI softened further in May to 4.7% y/y (consensus: 4.8%; prior 4.9%), the lowest level since Aug 2009, as easing demand pressures and lower fuel prices offset higher food inflation.