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Byline: Our Bureau
Sharp dip in food inflation leads the fall; all eyes now on RBI
India's headline inflation fell to a two-year low of 7.47 per cent in December 2011, from 9.11 percent in the previous month.
The decline has been largely contributed by the sharp deceleration in food inflation. Some base effect also helped show a better picture for the month under review. The wholesale price index (WPI) based inflation had touched 9.45 per cent in December 2010.
All eyes are now on the Reserve Bank of India, which may look at reducing policy rates at its monetary policy review on January 24. This would signal a reversal of the monetary tightening …