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Spike in CPI inflation to 7.8% in April 2022, highest level since May 2014, to trigger back-to-back rate hike in June 2022 policy review      IIP growth displayed lower-than-expected pickup to 1.9% in March 2022 from 1.5% in February 2022      CAD projected at 2.7% of GDP in FY2023; INR to trade in range of 75.0-79.0/US$ in rest of H1 FY2023 amidst global headwinds     
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