In WPI, watch for core inflation: traders

 

As markets gear up for May inflation data, core inflation will be key, traders say. Core inflation growth of 5% or below will cement views for a rate cut by the RBI at its policy meeting on June 18.

Core WPI was estimated at around 4.9% in April versus WPI of 7.23%

Reuters poll sees wholesale price index rising 7.6% in May versus a year ago, the fastest pace for the year.

India's benchmark 10-year bond yield trading marginally lower at 8.28% from its previous close after yields have slumped on expectations for an RBI rate cut.