For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    CPI inflation at 9.73%; RBI may be unimpressed

    |
    CPI inflation at 9.73%; RBI may be unimpressed
    The Consumer Price Inflation data, one of the important data points for the Reserve Bank of India to consider in its October 30, Monetary Policy Review has come in at 9.73% for September 2012. The figure which was below 10.03 % reported for the previous month of August 2012, still remains high to give the RBI any room to cut rates.
     

    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.

    GoodReturns.in

    Read more about: cpi
    Story first published: Friday, October 12, 2012, 11:20 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more