cheapbag214s
Joined: 27 Jun 2013
Posts: 18472
Read: 0 topics
Warns: 0/5
Location: England
|
 Posted: Tue 20:57, 19 Nov 2013 Post subject: the main measure of inflation in the country |
|
|
Inflation falls in India; hope for interest rate cut sparked
NEW DELHI, April 15 () -- India's annual inflation fell to 5.96 percent in March from 6.84 percent in February, the government announced Monday, raising hopes for an interest rate cut.The year-on-year numbers were more impressive when compared to March of last year when the wholesale price index,[url=http://www.pradaoutletuks.co.uk]prada bags uk[/url], the main measure of inflation in the country, was at 7.69 percent, the Press Trust of India reported.The latest inflation figures follow India's industrial output which rose for the second straight month in February to 0.6 percent. Together, they have raised expectations the Reserve Bank of India might cut interest rates at its meeting next month.The central bank has cut rates twice so far this year in its benchmark repo rate, which is currently at 7.5 percent.India is Asia's third largest economy after China and Japan.
The post has been approved 0 times
|
|
