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The pace of Indian consumer price inflation is hovering just above a two-decade low, driven by the combination of subdued commodity prices and relatively disciplined fiscal policy. Even as India's GDP continues to grow at the fastest pace of any major economy, muted inflationary pressures have cleared the way for two successive interest rate cuts by the central bank in recent months.  More to come on this topic in an upcoming dispatch. Click here to return to the homepage.
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