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New Delhi, June 12 (IANS) The moderation of headline retail inflation below 4 per cent reflects the resilience of India’s macroeconomic fundamentals and the effectiveness of ongoing efforts to maintain price stability, industry chamber PHDCCI said on Friday.Retail inflation, measured by the Consumer Price Index (CPI), stood at 3.93 per cent in May (year-on-year), remaining below the Reserve Bank of India’s medium-term target of 4 per cent despite a modest increase from 3.48 per cent in April.The…

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