....According to the global financial services major, the Consumer Price Index-based inflation is peaking off and is expected to be around 7.5-8 per cent in September. "We expect the RBI to begin to cut rates starting February with stable oil prices and rupee providing comfort that CPI inflation will come off to 6 per cent by early 2016," BofA-ML said in a research note. The Wholesale Price Index-based inflation fell to a 5-month low of 5.19 per cent in July on account of decline in vegetable prices, while the CPI-based retail rose marginally to 7.96 per cent in July, from 7.46 per cent in June.....
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