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Growing concerns over inflation points to rate hike

PUBLISHED ON: January 14, 2011 | Duration: 2 min, 17 sec

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With almost 1 per cent jump in the wholesale price index for the month of December, economists across the board have raised the possibility of a rate hike from the RBI. Expensive food items pushed overall inflation to 8.43 per cent in December. Not just this, the inflation whammy could also drag growth down.
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