The wholesale price index (WPI)-based inflation rate rose to a four-month high of 5.28 per cent in October, up from 5.13 per cent in September.
Earlier, data showed that CPI fell to a one-year low of 3.31 per cent in October from 3.7 per cent in the previous month. With the Reserve Bank of India (RBI) generally tracking CPI inflation, economists said the monetary policy committee may not change the policy rate in next month’s meeting. “Despite the change in the monetary policy stance to calibrated tightening, the Monetary Policy Committee (MPC) appears likely to ...
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