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Story summary
- RBI is expected to keep interest rates unchanged on Wednesday.
- Sixty-eight of 72 Reuters-polled economists forecast the hold, while most global peers have raised rates.
- June retail inflation rose to 4.38%, above the 4% target for the first time in 17 months.
- June wholesale inflation hit 9.87%.
- RBI’s tax and deposit incentives drew nearly $40 billion in inflows, yet rupee pressure remains.
