December 13, 2016

UPDATE 1-Modi’s cash crackdown sends India’s retail inflation to two-year low

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*Nov. inflation reading lowest since Nov. 2014. NEW DELHI, Dec 13- India’s retail inflation cooled to a two-year low in November after Prime Minister Narendra Modi’s shock currency replacement programme dented consumer spending, fuelling hopes of an interest rate cut by the central bank at its next policy review. Modi’s sudden move on Nov. 8 to cancel 500- rupee and…

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