India's inflation soars, likely putting rate cuts on hold
FILE PHOTO: A vendor sells vegetables at a retail market in Kolkata, India, December 12, 2018. REUTERS/Rupak De Chowdhuri
The pick-up in inflation rate, mainly driven by rising food prices, adds to the challenges for Prime Minister Narendra Modi, who is trying to revive slowing economic growth amid student protests against a controversial new citizenship law that critics say is discriminatory against Muslims.
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