India Inc said the downtrend in both WPI and retail inflation numbers coupled with sluggish industrial output data make a strong case for the Reserve Bank to cut interest rate ahead of its September 29 review.
Deflationary trends continued for the ninth month in a row in July, pulling down WPI inflation to historic low of (-)4.05 per cent, on cheaper commodities as India Inc raised pitch for a rate cut by RBI ahead of its September
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