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Inflation at 42-month high in July

The annual inflation rate could be upto to a 42-month high in July according to a Reuters poll 13 analysts.

It is expected to have risen to at least 9.4 % in July, the highest point since January 2009. The IMF has predicted an increase to 9.5% this year.

Since November last year, the rupee has depreciated approximately 16%.

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