Sept inflation up at 6.46%; RBI rate cut appears bleak

New Delhi: High food prices, especially of onion and other vegetables, pushed up September inflation to 7-month high of 6.46 per cent that may make it difficult for the Reserve Bank to cut key interest rate on October 29 to spur industrial growth.   The Wholesale Price Index (WPI) based inflation rose for the fourth […]

New Delhi: High food prices, especially of onion and other vegetables, pushed up September inflation to 7-month high of 6.46 per cent that may make it difficult for the Reserve Bank to cut key interest rate on October 29 to spur industrial growth.