Rupee Gains Provide Little Respite as Retail Prices Remain High Despite Declines in Some Commodities
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Rupee has appreciated 9% against dollar since Sept but retail prices remain high as retailers act slowly to reduce rates
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Sugar prices have come down due to crackdown on hoarders and smugglers
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Pulses prices show mixed trend; wholesale rates have fallen but retail prices remain high
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Ghee/cooking oil prices have dropped marginally despite lower global palm oil prices
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Wheat flour prices have declined with arrival of imported wheat but retailers still charging high