India's inflation falls short of expectations

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India's inflation falls short of expectations

India's inflation rate has fallen to a three-month low. India's inflation data rose 5.02 percent year-on-year in September, falling to a three-month low on the back of lower vegetable prices. The data came in below economists' expectations of a 5.5 percent increase and is still above the central bank's 4 percent target. The Reserve Bank of India held interest rates steady at 6.5 percent last week.