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The corresponding provisional inflation rates for rural and urban areas for September 2012 are 9.79 % and 9.72 % respectively. Inflation rates (final) for rural and urban areas for August 2012 are 9.90 % and 10.19 % respectively.
The Wholesale Price Index inflation is expected to be released on Monday and would remain another crucial data point for the RBI in determining rate cuts. Industry has been hankering for a rate cut from the RBI to propel growth rates.
However, the RBI has not obliged since April, keeping the elevated levels of inflation in mind. It is likely that the RBI may continue to keep policy rates on hold in its meeting on October 30.
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