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India’s inflation likely to ease from April, says chief economic adviser

The inflation rate could touch double digits in March, but would start to decline from April onwards, chief economic adviser Kaushik Basu said on Thursday. Wholesale price index-based inflation stood at 9.89 percent in February.

Basu said the inflation rate for March, which will be released in mid-April, would be "close to 10 percent". "After that I expect it to come down in April, May and June, with some fluctuations, and thereafter there will be a steady decline," he adds.