INDIA-ECONOMY-INFLATION-RBI:Inflation slows to 7.45 percent in October
India's wholesale price index (WPI) rose a slower-than-expected 7.45 percent in October from a year earlier, government data showed on Wednesday.
Analysts on average had expected an annual WPI rise of 7.96 percent. The annual reading for August was revised up to 8.01 percent.
Reserve Bank of India today said it there is no need to explain the monetary policy and it stands by monetary policy statement.
RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco