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1. 11-04-2008 12:22

N11
BRIC investing: India’s key inflation rate surged to a near three-and-a-half-year high, staying well above the central bank’s upper tolerance limit for the sixth successive week.This has raised the likelihood that despite signs of a slowing economy the Reserve Bank of India will retain or tighten its policy stance when it meets April 29, analysts said. The wholesale price index-based inflation rate accelerated to 7.41% on year in the week ended March 29 from 7.00% a week earlier...highest since 2004. I like Brazillian bonds at over 12% coupon.
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