Wholesale inflation drops to 9.78% in July on lower fuel costs

Wholesale inflation drops to 9.78% in July on lower fuel costs. The reading marks the lowest in nine months, down from 11.53% in June, driven by moderation in fuel and power prices. Fuel inflation eased to -1.2% year-on-year, providing relief to industry input costs. This may influence RBI's stance on interest rates in the upcoming policy review.

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