Comment on WPI numbers - Upasna Bhardwaj, Vice President, Economist at Kotak Mahindra Bank

"The sharply lower than expected WPI inflation continues to point towards the persistence of benign overall wholesale and retail inflation trajectory. Muted commodity prices along with sustenance of weak food price pressures, barring few items is expected to provide RBI with the comfort on 25bps of a rate cut in the August meeting. More importantly, we would be interested in the forward guidance of the RBI, since all metrics of inflation continue to surprise on the downside while growth remains muted." Upasna Bhardwaj, Economist, Kotak Mahindra Bank.

Source : Equity Bulls

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