India's inflation slows from 14-month high, raising hopes of interest rate cut under new governor

India’s headline inflation softened to 5.48% in November from a 14-month high, below expectations and the RBI’s projection of 5.7% for the third fiscal quarter. Despite a surprise economic slowdown, the RBI held rates at 6.5%, citing expectations of easing food inflation in the fourth quarter due to favorable agricultural conditions and harvest arrivals. Businesses anticipate continued pressure from elevated input costs and an acceleration in selling prices in the coming months.

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