India CPI inflation rises to 4.45% in July, fueling RBI rate hike expectations

India CPI inflation rises to 4.45% in July, fueling RBI rate hike expectations. The reading is higher than the expected 4.2%, driven by food and fuel costs. With inflation above the RBI's 4% target, rate hike bets have intensified. Markets now expect a 25 bps hike in the upcoming policy meeting.

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