India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year

India's consumer price inflation continued to climb for the ninth month in a row to 4.45% in July, up from 4.38% in June, firming up prospects of the country's central bank raising interest rates later this year.

However, the headline inflation number was marginally below economists' expectations for a 4.50% rise, according to a Reuters poll.

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