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Indian inflation to soften in Oct-Dec - adviser

Reuters - Thursday, June 19

MUMBAI, June 19 - The outlook for inflation in India is uncertain in the June and September quarters, though there should be a clear downtrend in the December quarter, the chief economic adviser of the finance ministry said on Thursday.

A Reuters poll of 12 economists on Wednesday forecast annual inflation to have risen to a 13-year high of 9.82 percent in early June, spurred by an increase in state-set fuel prices, from 8.75 percent a week earlier.

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