Inflation seen at 3.98% to March 11

Mumbai, March 23 | Updated: Mar 24 2006, 05:30am hrs
Wholesale price inflation is forecast at 3.98% for the 12 months to March 11, lower than the previous weeks 4.02%, a Reuters poll of 10 analysts showed on Thursday.

The wholesale price index is more closely watched than the consumer price index (CPI) because it has a higher number of products in its basket and is published weekly.

The Reserve Bank of India raised the benchmark reverse repo rate by a quarter percentage point to 5.5% in January, citing inflation risks from rising asset prices.