12 Jul 08 Inflation in India inches towards 12% mark
The Indian Inflation figures which were released on Friday stand testimony to the fact that Inflation in India is highly unlikely to calm down in the short term. Inflation figures released show that the inflation was up by over 25 basis points to 11.89%. In all likelihood, Inflation would touch the physcological 12% mark by the end of the coming week. So lets wait and watch how the markets react when the inflation figures are released coming Friday.
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