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Below the Quote on Consumer price index(CPI) and Index of Industrial production(IIP) announcement  By Mr. Mohit Ralhan, Chief Executive Officer, TIW Capital

"Headline inflation for September came in at 5% YoY. The decline was driven by a cooling off in food prices. Food inflation came in at 6.5% YoY, sharply lower from 9.9% YoY in the previous month. Fruits and vegetables prices witnessed a sequential decline. Fuel prices also remained in contractionary territory. Meanwhile, services component and housing, which tend to be stickier in nature continued to head lower. After two consecutive readings of above 6%, this decline to RBI’s target band of 4%+/-2% will be seen positively among the investor community. With inflationary pressure easing, RBI will give more weightage to growth dynamics, especially in the backdrop of a slowing global economy, in the upcoming meetings."

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