IIP in December likely to remain in range of 2-3% in India: D&B
D&B expects the WPI inflation to remain in the range of 6.8-7 per cent during January 2013.
"While the easing of inflation on the back of moderation in the manufactured as well as the fuel group provides some solace, easing of the food price inflation is necessary for the moderation of the overall inflation on a sustainable basis. However, upside risks to inflation persists in case the government decides to raise the price of the regulated fuel," Singh added.
According to the report, "the rupee to remain at the current levels and average at around 54.50-54.70 per US dollar during January".
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