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Indian inflation fall to 5-year lows with prudent monetary policy

NEW DELHI, Nov 2, 2007 (AFP) - India's inflation rate is pursuing a steady decline around five-year lows, official data showed Friday.
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Annual inflation fell slightly to 3.
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02 percent for the week ended October 20 from 3.07 percent for the previous week, according to the wholesale price index, India's most watched cost-of-living monitor.
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Inflation stood at 5.46 percent a year ago but has gradually dropped from two-year highs of nearly seven percent earlier this year.

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Interest rates are at four-year highs and the Reserve Bank of India, the central bank, held rates steady at 7.
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75 percent at its monetary policy committee meeting on October 30.
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