NEW DELHI, May 12 (Reuters) - India's annual retail
inflation eased to 4.7% in April from 5.66% the
previous month, government data showed on Friday.
A Reuters poll of 53 economists had forecast a rate of
4.80%.
Last month, India's central bank surprised markets by
holding its key repo rate steady after six consecutive hikes to
tamp down inflationary pressures. Many economists expect it to
remain on pause mode for the rest of the year to support the
recovery in Asia's third-largest economy.
(Reporting by Aftab Ahmed and Nikunj Ohri; editing by John
Stonestreet)
Messaging: twitter: @aftabahmed00))
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