India inflation likely fell in Nov on moderating vegetable prices: Reuters poll
BENGALURU, Dec 10 (Reuters) – India retail inflation likely fell to 5.53% in November after breaching the central bank’s 6% upper tolerance band as the arrival of fresh produce to markets moderated soaring vegetable prices, a Reuters poll of economists found. The Reserve Bank of India held interest rates steady last week, as predicted in a separate Reuters poll, citing price pressures, despite news of a surprise sharp slowdown in economic growth last quarter. Inflation unexpectedly rose to a 14-month high of 6.21% in October, driven by the fastest vegetable price rises in nearly four years. An additional import duty