Inflation falls to 0.24%
Inflation for week ended 14-march has fallen to 0.24% against its previous week 0.44%.
This fall was majorly driven by high base effect corresponding to previous year.
In realty wholesale price index has gone up by 0.3 points and ended at 227 compared to previous week where it was closed at 226.7 points.
Because of this fall in inflation numbers we may see further easing of monetory policy by RBI.
RBI may cut CRR and repo rate going ahead.
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