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Retail inflation in India accelerated to 6.09% in October, exceeding the Reserve Bank of India's target of 6% for the first time since 2024, Reuters reports. The main growth driver was food prices which increased by 8.94%. Accelerating inflation raises expectations for a further hike in key interest rates by the Indian regulator.

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Retail inflation in India accelerated to 6.09% in October, exceeding the Reserve Bank of India's target of 6% for the first time since 2024, Reuters reports. The main growth driver was food prices which increased by 8.94%. Accelerating inflation raises expectations for a further hike in key interest rates by the Indian regulator.

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