Another key event for markets will be wholesale inflation numbers to be released on Monday. Markets have factored in an interest rate cut by RBI at its policy meet on January 29, especially after factory output fell by 0.1 per cent in November from a year ago. Inflation has shown signs of moderation, raising hopes of a rate cut. An economist poll by Reuters shows the WPI inflation rose an annual 7.4 per cent in December, after rising 7.24 per cent the previous month.
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Monday, January 14, 2013
WPI inflation
Another key event for markets will be wholesale inflation numbers to be released on Monday. Markets have factored in an interest rate cut by RBI at its policy meet on January 29, especially after factory output fell by 0.1 per cent in November from a year ago. Inflation has shown signs of moderation, raising hopes of a rate cut. An economist poll by Reuters shows the WPI inflation rose an annual 7.4 per cent in December, after rising 7.24 per cent the previous month.
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