ICRA

WPI inflation eased to 4.6% in Nov 2018 from 5.3% in Oct 2018, largely in line with our expectation IIP growth improved to higher-than-expected 8.1% in October 2018, benefitting from inventory adjustment related to festive season; growth unlikely to sustain at this pace in the immediate term CPI inflation eased to 17 month-low 2.3% in Nov 2018 from 3.4% in Oct 2018, led by deeper disinflation in food items

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