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0.000383288616328155 0 0.00162897661939442 -0.000574932924492028 0.00105404369490226 0.000670755078574237 0.00182062092755857 0.00402453047144501
Stock impact report

India's inflation falls to cooler-than-expected 3.34% in March [MSNBC.com]

HSBC Holdings, plc. (HSBC) 
US:NYSE Investor Relations: hsbc.com/investor-relations
Company Research Source: MSNBC.com
A laborer carries a sack filled with refined wheat flour to load it onto a supply truck at a wholesale market in Kolkata, India, on April 10, 2025.Nurphoto | Nurphoto | Getty Images Economists polled by Reuters had expected a reading of 3.6%.Food inflation, which is a key constituent of the country's consumer price index, hit 2.69%. The decline was led by a fall in prices for vegetables, spices, eggs and pulses.The inflation data follows asecond straight interest rate cutThe RBI estimates"There has been a substantial and broad-based seasonal correction in vegetable prices. The uncertainties on rabi [winter] crops have abated considerably ... Along with robust kharif [autumn] arrivals, this is expected to set the stage for a durable softening in food inflation," the central bank said last week.The inflation data strengthens the case for the RBI to cut rates as it seeks to stimulate growth in India, amid the impact of U.S. tariffs."The larger-than-expected fall in Indian consumer price Show less Read more
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