India's Inflation Rate Declines Amidst Currency Struggles: What It Means for Rate Cut Prospects

In a recent development, India has reported a noticeable decrease in its inflation rate, bringing some relief amid ongoing economic challenges. The Consumer Price Index (CPI) inflation fell to **5.4%** in December, down from **5.9%** in November. This decline is primarily attributed to lower food prices, signaling a positive movement in the country’s economic landscape. However, the situation remains complex as the Indian rupee continues to struggle against the US dollar, complicating prospects for future interest rate cuts.

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