All eyes on today’s WPI inflation data
It will provide a crucial input to RBI for its monetary policy review due on 1 April
All eyes are on the Wholesale Price Index-based (WPI-based) inflation numbers for February that will be released on Friday. It will provide a crucial input to the Reserve Bank of India (RBI) for its monetary policy review due on 1 April. Data released on Wednesday had showed that retail inflation in February eased for the third consecutive month to 8.1% while factory output grew marginally by 0.1% in January.
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