CMIE says inflation to move up on rupee fall

......The continuing depreciation of the rupee is expected to fuel inflation and push the headline number to 7.3 percent for FY13, making a reduction in interest rates for borrowers unlikely in the near term, an economic think-tank has said.  The Centre for Monitoring Indian Economy (CMIE) has upped its fiscal-end inflation target to 7.3 percent from the 6.7 percent and Reserve Bank's 6.5 percent, due to the slide in the rupee........

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