IIP in December likely to remain in range of 2-3% in India: D&B
PTI: New Delhi, Jan 18 2013, 01:21 IST
is showing signs of moderation, and accordingly the RBI is likely to cut the repo rate in its third quarter policy review in end January 2013, it said.
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".
Previous Story Parliamentary panel for Food Bill wheat guarantee at Rs 2, rice at Rs 3 to all beneficiaries Next Story IMF cautions on allowing biz houses into banking space
Reader's Comments| Post a Comment
Be the first to comment.
