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Saturday, 12 December 2015

November inflation seen above 5%, room for rate cuts narrows FROM BUSINESS STANDARD FW ERI BOI


"India's retail inflation rate likely rose above the Reserve Bank of India's medium-term 5% target in November as food prices climbed, leaving little room for more interest rate cuts, a Reuters poll found.
Consumer prices rose 5.4% last month, according to a survey of 21 economists, which would mark an acceleration from 5.0% in October. The data will be released on December 14."
ON THE BASIS OF ABOVE SAID  EXPECTED RETAIL INFLATION  OF 5.40% FOR NOVEMBER 2015, THE LIKELY AICPI-IW FOR NOVEMBER, 2015  MAY  BE 270.