However, there is still the concern that the central bank has not achieved the degree of monetary tightening in the economy as desired. DK Joshi, director and principal economist with CRISIL, said, “The RBI’s stance on interest rates is likely to remain hawkish given the current state of inflation.”
Tracking Items
Prices of most items in the WPI basket have either declined or remained unchanged
The manufactured products’ group showed an increase of 0.1 pc
The inflation rate for the group of 30 essential commodities jumped over the previous week’s figure of 6.74 pc to settle at 7.24 pc
This was due to the spike in sugar, pulses, dry chillies
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