February WPI inflation at 6.84%, calls for RBI rate cuts grow higher

The wholesale price index (WPI), the main inflation indicator, rose an annual 6.84 per cent in February, higher than the 6.54 per cent rise estimated by analysts. Wholesale prices rose 6.62 percent in January. 
Though the headline number is still high, the break-up (detail) shows that inflation will continue to ease going ahead and along with the government’s fiscal consolidation efforts, there is even more reason to expect RBI to cut rates in March and for some more time going ahead, get all share market live updates just click on to STOCK TIPS INDIA or SHARE MARKET TIPS


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