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Published on 14/01/2020 4:10:40 PM | Source: Emkay Global Financial Services Ltd

Views On WPI Numbers By Mr. Rahul Gupta

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Below is the Views On WPI numbers by Mr. Rahul Gupta, Head of Research-Currency,Emkay Global Financial Services

“Since the beginning of FY20, wholesale based inflation has been in a downtrend. However, in Dec WPI surged to 2.59% from 0.58% in Nov, as onion prices have been jumping since late Sep. The index may rally further if the rise in prices of food components continue the uptrend. WPI along with retail inflation (7.35%) may stop RBI-MPC from cutting repo rate in Feb despite subdued growth and maintain an accommodative stance.”

 

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