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India inflation quickens as Rajan keeps policy accommodative

NEW DELHI - India's inflation accelerated as central bank Governor Raghuram Rajan looks to maintain an accommodative monetary policy stance. Consumer prices rose 4.41 percent in September from a year earlier after a revised 3.74 percent increase in August, the Statistics Ministry said in a statement in New Delhi on Monday. The median of 40 estimates in a Bloomberg survey of economists had predicted a 4.40 percent gain. "Inflation bottoming is almost all done and we will see it picking up slightly but it will not accelerate alarmingly," Vishnu Varathan, a Singapore-based economist at Mizuho Bank Ltd., said before the data. "Room for lowering rates will be become a...